Surety bonds simply offer too many benefits that you can not get any where else to pass up.
Did you know that you are going to get more work if you have a surety bond than if you do not? It is true. Clients will trust you more if you have a surety bonds. The reason is simple. If you have a surety bond, then you have done the work to make sure that they are protected, and people like to feel protected. Surety bonds are made so that clients get what they paid for, and they do that by making sure that the contractor does every little thing he said he would do.
If he does not do what he said he would do, then the surety bond company gets to be the hero and come in and clean up after the contractor, making sure that all the things that are contractually bound to be done are done. Then the contractor pays the surety bond company back for all the money spent.
Since the client knows this, then they feel much better about hiring you.
What if you have a poor credit history?
Can you still get a surety bond? The good news is yes, though it has not always been that way. In days past, you could not get a surety bond at all if you have bad credit, but now that there are better surety bond companies such as BondsExpress, you can get your surety bond.