Given the current economic conditions, surety bonds are now more important than ever. For prospective clients and consumers, the world of surety bonds can at times be a confusing one. There are hundreds of surety…
California car dealers are facing legislation that would require a bond increase from $50,000 to $100,000. Dealers who sell trailers used exclusively to transport vessels may also be affected. If the bill passes the state…
The Tennessee state legislature is working on a piece of legislation that would require debt management companies to obtain surety bonds. The bill aims to safeguard Tennessee citizens who use debt management services. Due to…
Amid roiling economic times, small businesses in California will now have greater access to contracting opportunities thanks to a new joint venture between the U.S. Small Business Administration and the state Department of Transportation. The…
Today’s Surety Market As the surety market balanced out in the mid-2000s, the underwriting process became more streamlined. Contractors now know what to expect when applying for a surety bond. A surety bond is a…