July 17, 2007 by admin
Often times when someone calls in to our office the first question they have is “how do I get bonded?” This question can lead down many paths, but all too often it is revealed that this question is asked out of confusion. For this reason we are going to try and clarify what “getting bonded” means.
Often this call comes from people who have seen a sign saying “insured” or “bonded” at the locksmiths, or on advertisements in the yellow pages; after seeing this they think, “maybe my company should be bonded too.”
There are several kinds of “bonds”, one kind is a fidelity bond, but don’t be fooled by this name, a fidelity bond is actually not a bond at all, but a type of insurance. The company who is “bonded” is the beneficiary of the policy, not there clients.
At Bryant Surety Bonds, Inc. we specialize in surety bonds. A surety bond is a three-party agreement (obligee, principle and surety) that is a requirement of the obligee onto the principle. In the situation where the principle defaults, the surety will make the obligee whole again. Surety bonds cannot be issued to a company that “wishes to be bonded” as these bonds are created to guarantee an agreement.
Category: Applications, Arc Bond, Bad Credit, Contract Bonds, Contractor License, Court, General Surety Information, ICC, License and Permit, MVD, Mortgage Banker, Mortgage Broker Surety Bond, Sales Tax, Seller of Travel, Subdivision, TelemarketingComments (0)
July 3, 2007 by admin
As most sureties will be closing at noon on July 3rd, Bryant Surety Bonds will also be closing. We will return on Thursday the 5th. We hope that all of you have a safe and happy holiday.
If you are in need of a bond, please apply using our online application. For many bonds, you will receive an instant quote, and approval. For applicants who do not receive an instant approval, we will process your bond upon our return. If you have already applied online, log in to your account to see the status of your bond.
Category: Operating AnnouncementComments (0)
by admin
Last week we introduced out new online application, and since its June 29th arrival, we have had some terrific feed back.
This new format allows applicants to fill out, and complete the application, 100% online. No more printing out and faxing in required. In fact many lines of business will now find that they will get an instant quote, or quote range.
With this online application comes a new secure database that allows you to easily maintain your account status, as well as apply for new bonds with out re-entering your personal information. This feature is extremly useful for brokers who use our agency. Now all of your clients are easly mantained and managed on one page.
We’ll have more information about our application as time goes on. In the future we plan to add great new features as well as adding more lines of business to our instant quote abilities.
Category: Arc Bond, Bad Credit, Contractor License, General Surety Information, ICC, License and Permit, MVD, Mortgage Banker, Mortgage Broker Surety Bond, Operating Announcement, Sales Tax, Seller of Travel, TelemarketingComments (0)
