An Ounce of Insurance Is Worth its Weight in Gold

The cost of insurance is a rather minor expense compared to the benefits contained in the cover. The amount paid every month does not compare to the kind of risk you expose yourself to by failing to undertake the cover. If you think of insurance as an additional...

What is a Bid Bond?

 What is a Bid Bond? Welcome to part 1 of our 2 part educational series on Bid Bonds Bid bonds are not an insurance policy, they are a written guaranty from a third party guarantor like a surety company or insurer. A guaranty is submitted to a project owner by a...

Video: Bonds and the Importance of Credit Score

 What can I do if my credit score is below 700? Welcome to part 2 of our 2 part educational series on Bid Bonds. In situations where the personal credit is not very good, a credit report should be obtained particularly when obtaining a bid bond. This report should be...

An Ounce of Insurance is Worth a Pound of Gun Powder

      Last year, in the midst of selling my house, I left the keys with a friend and flew off on a business trip to Dallas. It was only for the weekend, and after all, I knew I could trust that Alfred would watch after the place and take care of Snowy, my 140-pound...

7 Reasons Why You Don’t Qualify for Surety Bonds

A legal contract surety bond is a three party contractual agreement where the surety guarantees the oblige (the project owner) that the principal (the contractor) is capable of carrying out the contract in accordance with the contract documents. People may find it...

Ten Things to Know About Surety Bonds

Managing the risks on your construction projects and choosing the best option to make sure that your project gets done on time, is very important to running a successful business. When this is not being taken seriously,  especially when dealing with a contractor or a...

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