Washington Plumbing Contractor Bond: A Comprehensive Guide This guide provides information for insurance agents to help contractors on Washington Plumbing Contractor bonds At a Glance: Lowest Cost: $75 per year or $8 per month based on the applicant’s credit Bond Amount: $6,000 Who Needs it: All individuals and businesses that act as plumbing contractors in the …
Maine Debt Management Service Provider Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Maine Debt Management Service Provider Bonds At a Glance: Lowest Cost: $750 per year or $75 per month based on the applicant’s credit Bond Amount: $50,000 Who Needs it: All debt management service providers operating …
North Carolina General Contractor Bond: A Comprehensive Guide This guide provides information for insurance agents to help contractors on North Carolina General Contractor Bonds At a Glance: Lowest Cost: 1% of the bond amount, based on the business owner’s credit and the business’s financial standing Bond Amount: $175,000 for limited license holders $500,000 for intermediate …
Fidelity Bonds: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Fidelity Bonds What is a Fidelity Bond? Fidelity bonds, commonly referred to as employee dishonesty or business services bonds, are a class of surety bonds that provide protection to customers from theft when a business service provider has …
Maine Residential Real Estate Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Maine Residential Real Estate Bonds At a Glance: Lowest Cost: $150 per year or $15 per month based on the applicant’s credit Bond Amount: $15,000 Who Needs it: All Residential Real Estate Property Preservation (RPP) …
Maine Debt Collector Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Maine Debt Collector Bonds At a Glance: Lowest Cost: 1.5% of the bond amount per year based on the applicant’s credit Bond Amount: Based off of the type of debt collection and the gross collections on …
Maryland Mortgage Lender Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Maryland Mortgage Lender Bonds At a Glance: Lowest Cost: $375 per year or $38 per month based on the applicant’s credit Bond Amount: Based off of the volume of mortgage loans originated in the previous 12 …
Why Surety Companies Examine Moral Character June 2, 2021 Surety companies oftentimes examine the moral character of the principal during the bond application process. This aspect of surety underwriting can seem a bit strange to first time surety buyers. Can you imagine if every time you went to the grocery store the cashier performed a …
Maryland Installment Loan Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Maryland Installment Loan Bonds At a Glance: Lowest Cost: $750 per year or $75 per month based on the applicant’s credit Bond Amount: $50,000 Who Needs it: All installment loan lenders operating in Maryland Purpose: To …
Maryland Money Transmitter Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Maryland Money Transmitter Bonds At a Glance: Lowest Cost: $2,250 per year or $225 per month based on the applicant’s credit Bond Amount: $150,000 Who Needs it: All money transmitters operating in Maryland Purpose: To ensure …
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