A Surety Company is a corporation licensed under various insurance laws, which under its charter has legal power to act as Surety for others. Bonds that are required by State law, municipal ordinance or regulation, to be filed prior to granting of a license to engage in a particular business or a permit to exercise a particular privilege. When we receive confirmation of both your bond will generally be processed and sent to you the same day via U.S. Mail. Our carriers strive to respond and quote all requests within 48 hours of receipt of a complete application.
All prices are of course subject to rates filed by our carriers.
The lower priced bond must provide identical coverage in amount and term of coverage, indemnity and application. The lower priced bond must be available over the Internet. No not really, generally most of these types of bonds are issued freely. However some types of bonds do require a review, called underwriting. The review process for Contractors involves a thorough analysis of the contractors character and capabilities.