What is a contractor's surety bond?

Answer When an individual or company signs a contract with a contractor for a construction project, there is always a risk that the contractor will take any deposits made and not finish the promised work ... Read More »

Top Q&A For: What is a contractor's surety bond

What is the Difference Between a Surety Bond & a Fidelity Bond?

A business has the option to utilize insurance tools that will protect them in the case of any unforeseen occurrence that would jeopardize them financially. Employees may manage resources in dubiou... Read More »

What is a broker surety bond?

Broker surety bonds are a general category of surety bonds that includes three subcategories: mortgage broker bond, freight broker bond and insurance broker bond. Each subcategory has its specific ... Read More »

What Is the Percentage of a Surety Bond?

Surety bonds help encourage trust between two different parties who want to enter into a business contract. The person that is contracting work, the owner, wants a guarantee that the project will r... Read More »

What is a mortgage surety bond?

A mortgage surety bond might be required for anyone seeking a license to do business as a mortgage broker. Each state has its own requirements for a mortgage surety bond.SignificanceA mortgage sure... Read More »