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TIA -Texas Insurance Agency Blog: bonds

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A surety bond is a type of guarantee. It helps customers and clients have financial support should a business they hire fail to provide the type or amount of service they need. This need is often based on an agreed contract.  READ MORE >>

A surety bond is an investment most electricians need to make. It provides a comprehensive level of support not just to you, but also to your customers and clients. When a consumer needs to turn to an electrician for support, he or she needs to know this person is going to do an excellent job, minimize any risks of fires and create workmanship that adds value to their property. READ MORE >>

Whether you contract with the government or you work with small construction contracts, the ability to get your project completed impacts future jobs. With a successful track record, you get more bids and you can earn more money. Many contractors use surety bonds to increase their chances of completing their projects within scope, budget and time. READ MORE >>

The construction sector is a very risky business. Many construction companies are vulnerable to risk factors and problems that can lead to insolvency. This is why surety bonds exist; to protect a contractor’s clients against the financial consequences of contractor default. READ MORE >>

Few people are familiar with surety bonds, but certain business owners may find that they need to obtain one in order to continue operations. This article provides a broad overview of the basics. We invite you to contact your independent insurance agent for more details. READ MORE >>

Thinking of opening a car dealership in the great state of Texas? You’re in luck because Texas is ranked as one of the top five states for going into the car dealership business. However, the industry is strictly regulated and dealerships (with the exception of franchises) must purchase a motor vehicle dealer bond to meet state requirements. READ MORE >>

Before a contractor begins work on a personal home or place of business, a contract is drawn up that details the nature of the job. However, if for whatever reason the contractor cannot meet expectations or complete work on time, the project owner could face financial losses. READ MORE >>

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