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Archive for the ‘Blogroll’ Category

Tuesday, November 20th, 2007

Because the majority of sureties are closing early on Wednesday, November 21 2007, Bryant Surety Bonds will follow as well. Bryant Surety Bonds will close at 11 AM EST on Wednesday so that our employees can enjoy a nice long holiday weekend with their families. We will return on Monday the 26th rejuvenated and ready to satisfy your bonding needs with fair quotes and unmatched customer service.

Just because we are closed does not mean you are stuck. Please visit our site and learn about all the surety bond types, and when you are ready apply use our online surety bond application.

We thank you for the ability to serve you and wish you Happy Thanksgiving.

Wednesday, May 9th, 2007

Time after time an application is declined, or delayed because of the bond form that is attached to it (or in some cases, because no bond form is attached.  This bond form is the key ingredient for you application to be accepted, because it is this form that is spelling out the terms of the guarantee.

 

As most of you know, a surety bond is a three party agreement involving the surety, the principal and the obligee.  The bond is a guarantee of something (depending on the nature of the business), and the bond form explains the terms and conditions of this guarantee.  It is for this reason that you must submit the correct bond form, and make sure it is up to date; otherwise you experience delays or may even be declined.

 

So how is the best way to find these forms?  First you can turn to the internet.  The Surety & Fidelity of

America (or SFAA) has created a database of bond forms.  Though not every form can be found here, they are continuously updating and adding to it.  If this method should fail, do a Google search (or any search engine you are comfortable with) entering “YOUR BOND FORM, YOUR STATE”.  For example, a person looing for an auto dealer bond in California would enter “Motor Vehicle Dealer Bond, California”. Finally if this should fail, call the person, or organization that is requiring the bond.

 

You may be asking why each bonding agency doesn’t keep the bond forms on file.  The answer is simply to it would take far to many resources.  There are hundreds of bonds; each requiring their own bond form, further compounding this issue is that each state has their own specific bond form for each type of bond. As you can see this leads to thousands of different bond forms to keep on file.  However the largest hitch in the plan may be that these forms are periodically updated with out notice.  As you can see it would take an incredible amount of resources to keep on top of this.