Has this happed to you?
I have my General liability, office location, phone number, sign and now the state is saying I need a bond a surety bond.
This can pose a big problem for your business because everything is now put on hold until you meet this requirement. So what is a surety bond ?
A Surety Bond guarantees whatever the underlying statute, state law, municipal ordinance, or regulation requirement.
A surety bond is underwritten like a loan the surety will review your credit, financial’s and experience to determine a rate.
A Surety Bond guarantees whatever the underlying statute, state law, municipal ordinance, or regulation requires. They may be required for a number of reasons.
So before you apply for your license make sure you can qualify for the bond first.
Tags: surety bond
