Archive for June, 2016

Surety on the Rocks

Written by JoAnn Smith on June 7th, 2016. Posted in Commercial Bonds, License and Permit Bonds, On The Rocks, Surety Bond Blog

One of the most commonly asked questions in surety bonds is how much will my bond cost.  This is a much more complex question than one would think.  There are over 4000 commercial surety bonds required across this great nation.  Some carry a very low risk of loss and are typically priced at 1% of the bond amount required and are written pretty freely (meaning no credit check or financials required).  However, the majority of bonds carry a moderate to high risk of loss and require an underwriting review that includes person credit check of all owners owning 20% or more of the company. Then based on the credit review, the surety company will make an offer anywhere between 1-20% of the bond amount.  Other factors of the rating process include number of years in business, corporate financials and the loss ratio of the particular type of surety bond.  Having weak or poor credit will not necessarily disqualify you, but the following things may: Non-US citizen, owing child support and any past claims paid to a surety company.Apply Here
COD – 2 oz Orange Vodka, 1 splash of Sprite, Cranberry Juice  Fill a pint glass with ice.  Pour in vodka and cranberry juice leaving a little room for the splash of Sprite.  Enjoythree drinks

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