CategoryBusiness

How Having a Motor Vehicle Dealer Bond Can Make Your Car Dealership Completely Legal Overnight?

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In a world that is characterized by the desperation for survival, fraud, deceit and manipulation have become the order of the day in both normal life and also business life. The auto dealership business has not been left out of this desperation for survival, with the increasing demand for luxury, elegant and even normal day to day vehicles; fraudulent and illegal dealers have manipulated their...

How to Get a Personal Trainer Fitness Insurance Policy?

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Knowing the benefits of personal trainer insurance policy is very useful in pursuing a career such as a fitness instructor. It is a lot better if you also know what the benefits of having the proper liability insurance coverage is than to not know about the risks related to your job. To add unto that is to know that it is a very big help in protecting you and your client. But after all that...

Does Bad Credit Keep You from a Surety Bond?

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Surety bonds are kept aside for those with good credit.  If you have bad credit, this is something that you have known for a while.  Surety bonds are just not available to you with bad credit, and surety bond companies have wasted no time in letting you know this.  If you are one of the thousands of people out there who know exactly how this feels to get rejected for a surety bond, then you know...

4 Things To Help You Get The Most From Surety Bonds

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Surety bonds are a three party agreement where a surety company assures the owner that the contractor will fulfill the services that they have agreed upon. These types of bonds are used in construction and usually called contract surety bonds. We have some tips that will help you get the most from these types of bonds and things associated with them. The United States since 1893 has required that...

What You Need to Qualify for a Surety Bond?

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If you are a contractor who would like to bid on jobs that require surety bonds, you need to have these qualifications. First of all, you should have an insurance broker who knows about surety bonds and where to get them. Secondly, you need to have an address for your place of business or your building where you keep your equipment. You might have a hard time trying to get a surety bond without a...

A Consumer’s Guide to the Motor Vehicle Dealer Surety Bond

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As a consumer, it can sometimes be intimidating going into a car dealership. One thing that may make you feel better and more confident in doing so is an understanding of what is known as a motor vehicle dealer bond. There many different types of bonds. In this case, we are talking about a particular type known as a surety bond. With this type of bond, a third party agrees to pay for certain...

Benefits of Surety Bonds: Learn All About Them

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You need to be protected for many potential financial disasters, and a surety bond (like an auto dealer bond) is one way to protect both you or your small business. There are many ways that a surety bond may benefit you. A surety bond protects the purchaser or the person who is expected a service rendered for them. An example would be if your small business was being remodeled and you need it...

Should Your Company Use Surety Bonds?

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When required by law, of course, your company should use surety bonds. Construction companies, Real Estate brokers, home care organizations and car dealerships fall under this category. What if my business isn’t required to have one? Then it is time to do a little research. Does your organization have positions which are sensitive in nature? Do your employees handle large sums of money or...

Do You Really Understand Surety Bonds Concept?

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A surety bond is a contract between three different parties. These include; the Obligee (who is the recipient of the obligation or promises entailed in the contract), the Principal (who is responsible for meeting the promises to the Obligee), and the Surety (whose main purpose is to provide a guarantee to the Obligee that the Principal would be able to meet the terms and conditions stipulated in...

Differentiating the Surety Bonds from General Insurance Policies!

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The simplest way to explain a surety bond is that it is a form of credit and not insurance. A surety bond is a guarantee and what it guarantees depends on the stipulations of the bond. Generally, a surety is an agreement between three legal entities: You (known as the principal), the party (that needs the surety bond; normally, the government) also known as the obligee, and the surety bond...

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