• Do Surety Bonds expire?

    Yes, surety bonds typically have a set term and need to be renewed upon expiration. The term length can vary depending on the type of bond and the requirements of the obligee. It's important to keep track of your bond's expiration date and ensure [...]

  • Can I get a Surety Bond with bad credit?

    Yes, it is possible to get a surety bond with bad credit, though it may come with higher premiums. Many surety companies offer programs specifically designed for businesses with credit challenges. It's essential to work with an experienced agent who can help you navigate [...]

  • What happens if a claim is made against my Surety Bond?

    If a claim is made against your surety bond, the surety company will investigate the claim to determine its validity. If the claim is found to be valid, the surety will compensate the obligee up to the bond amount. However, the principal (your business) [...]

  • How long does it take to get a Surety Bond?

    The time frame to obtain a surety bond can vary based on the type of bond and the complexity of your business operations. Typically, it can take anywhere from a few hours to a few days. For more complex bonds, the process might take [...]

  • What does Surety Bonds Insurance not cover?

    Surety Bonds Insurance does not cover direct business losses, damages to property, or liability claims. For instance, if your business suffers from property damage, you would need a property insurance policy to cover those losses. Surety bonds are specifically designed to guarantee contractual obligations [...]