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 building and equipment. Thirdly, you need to keep a log of your experience in the field of work that you plan on bidding. Tangible assets as well as money in the bank are the easiest way to get a surety bond.

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