October 22, 2008 by admin
Over the next two weeks, the Bryant Surety Bonds website will be introducing a few changes. The first change that will be made is to the site navigation and informational layout. Our goal is to make our site as easy to use for our clients as possible. Surety bonds are a new thing to many of our clients, we want to make sure that all the information they seek about bonds is available to them through our site, and is a able to be found in a easy manner.
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After this navigation update, we will be updating our state by state guides for Mortgage Broker Bonds, and Auto Dealer Bonds. Please check back for these updates and more information.
Category: General Surety Information, Homepage, MVD, Mortgage Banker, Mortgage Broker Surety Bond, Operating AnnouncementComments (0)
October 21, 2008 by admin
A lot of people we talk to call in saying they want to be bonded. The story is typically the same, they are opening a company, and all of their competitors advertise that they are bonded, so as to not be at a disadvantage, they want to be bonded as well. The story ends with the caller asking, ‘What do I have to do?”
Typically the caller is a little confused on what a surety bond is, they simple googled “bonded”, and bunch of bond agencies appear. A surety bond is a three party agreement that guarantees something, in this system the obligee is requiring the principal to obtain a surety bond. Typically the obligee will provide a bond form that should be used.  A surety bond guarantees services such as construction or electrical contracting and licensing required by the government. In these cases the bond is guaranteeing that these services will be completed and done so in a proper manner. Bonds are specific to job license or project.
E&O insurance is very similar to a surety bond, but provides more blanket coverage. Errors and Omissions provide financial protection performed or not performed.
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Category: General Surety Information, HomepageComments (0)
June 30, 2008 by admin
Bryant Surety Bonds will be closed on Thursday, July 3rd for Independence Day Weekend; we will return on Monday, July 5th. We hope you all have a safe and pleasant holiday. While we are closed, please explore our website for information on surety bonds, and when you are ready, use our free online application. We look forward to quickly responding to your needs when we return.
Category: Bad Credit, Contract Bonds, Contractor License, Court, General Surety Information, Homepage, ICC, License and Permit, MVD, Mortgage Banker, Mortgage Broker Surety Bond, Operating Announcement, Sales Tax, Seller of Travel, Subdivision, Telemarketing, UncategorizedComments (0)
May 23, 2008 by admin
Following the lead of bonding companies, Bryant Surety Bonds will be closing at noon (Eastern Time) on Friday, May 23rd. We will reopen on Tuesday, May 27th. We hope that you all have a fun, and safe, holiday weekend.  We look forward to helping you with all your surety bond needs when we return.
 For those wishing to apply, our online application can still offer instant quotes while we are away. If you are search of information, take a look at the surety bonds we offer, or our surety bond FAQ.
Category: Bad Credit, General Surety Information, Homepage, Operating AnnouncementComments Off
March 20, 2008 by admin
Bryant Surety Bonds, Inc will be closed on Friday March 21, 2008.
Please explore our website to learn all about the Surety Industry, along with surety bond information by business type.
Also be sure to fill out an surety bond application, it is easy to do as everything can be completed online, and instant quotes are available.
Category: Applications, Arc Bond, Bad Credit, Contract Bonds, Contractor License, Court, General Surety Information, Homepage, ICC, License and Permit, MVD, Mortgage Banker, Mortgage Broker Surety Bond, Operating Announcement, Sales Tax, Seller of Travel, Subdivision, TelemarketingComments (0)
February 22, 2008 by admin
Please note that though Bryant Surety Bonds is closed due to the inclement weather outside, our agents are still accessible through their email and we will be processing applications and bonds as normal. If you are not currently working with an agent, please fill out one of our online surety bond applications, it takes about 10 minutes and the online system can often times provide you with a instant quote.
If you have questions, please give us a call at (866) 450-3412. One of our agents will get back to as soon as we return on Monday the 25th.
Category: General Surety Information, Homepage, Operating AnnouncementComments (0)
November 20, 2007 by admin
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.
Category: Applications, Arc Bond, Bad Credit, Blogroll, Contract Bonds, Contractor License, Court, General Surety Information, Homepage, ICC, License and Permit, MVD, Mortgage Banker, Mortgage Broker Surety Bond, Operating Announcement, Sales Tax, Seller of Travel, Subdivision, TelemarketingComments (0)
November 16, 2007 by admin
The surety bond industry can be broken down into major categories and sub-categories of these bonds. The two major surety bond types are commercial and contract bonds (court bonds being a third). To truly understand the surety bond market, and how it is viewed, you must know these types of bonds and what they mean. This article will discuss each major bond type, what they guarantee and examples of contract surety bonds and commercial surety bonds.
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Think of Contract Bonds like a contractor for your building or dwelling. Contract bonds gives protection on specific contracts by assuring the project owner, or obligee, that the contractor, or principal, will guarantee performance on specified contract. The contractor shall work and pay laborers, sub-contractors and suppliers for material. Some major sub-categories for contract bonds are as follows:
- Bid Bond is a guarantee that the contract, once awarded, will be performed at the bid amount. The bonding company, or agent, will underwrite the bond and provide the performance. The bidder becomes the contractor, or principal if awarded the contract. If required, the agent also provides payment and maintenance bonds.
- The contractor will perform a contract under terms and conditions of its Performance bond. Simply stated, the principal shall complete the work under the terms and conditions of the contract.
- The principal shall pay material suppliers, laborers and sub-contractor(s). Payment bonds guarantee this will happen. In some instances, the principal shall not be paid until all others are paid.
- Maintenance bonds guarantee that materials and craftsmanship is acceptable to the obligee. Maintenance shall be performed after a specified amount of time due to lack of craftsmanship or defective material or the like.
- Subdivision bonds guarantee improvements nearby, such as curbs, sidewalks, sewer and gutter; be it replacement or new construction. The principal shall promise to finance and construct items listed in this bond. Subdivision bonds may include construction and financing of traffic lights, drainage systems, streetlights, etc.
Commercial Bonds guarantee the principal listed on the bond will perform as specified in the bond. These are much different than the contract bonds, as you will notice just by their bond types.
- License and permit bonds guarantee the operator shall be licensed. The licensee such as an auto dealer bond, telemarketing bond, mortgage broker bond shall perform to the terms set forth in each specific bond.Â
- Public official bond is that of the performance of a public official is guaranteed.
- Miscellaneous Bonds guarantee lost securities. This sub-category bond includes but is not limited to utility payments, union fringe benefit contributions, workers compensation and certain leases.
There are many other sub-category bonds in both contract surety bonds and commercial surety bonds and to numerous to mention. The sub-category bonds each have their own different type of surety bond to offer. For instance there are literally hundreds of bond types in License and Permit Bonds alone. It is common that agents may deal with a sub-category bond for which they never came across before.
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Perhaps the reason it is useful to know about these different bonds is that each bonding company underwrites each sub-category differently. The industry defines this terminology as “language�. The requirements for each sub-category have as many similarities as there are differences.
Category: Applications, Arc Bond, Bad Credit, Contract Bonds, Contractor License, Court, General Surety Information, Homepage, ICC, License and Permit, MVD, Mortgage Banker, Mortgage Broker Surety Bond, Sales Tax, Seller of Travel, Subdivision, TelemarketingComments (0)
November 5, 2007 by admin
Look for a site update to begin at the end of this week with an exciting resource debuting next week. At Bryant Surety Bonds, Inc. our aim is to make as much information available to you as possible, while making navigation and ease of use a priority. Our online application has been a hit with clients as it has streamlined applying and virtually eliminated the need to print, type and fax information in. Better yet the applicant can receive and instant quote so they can better plan their budget.
Our hope is that this new resource will once again save you time, and make the process a little easier.
Category: General Surety Information, Homepage, Mortgage Broker Surety Bond, Operating AnnouncementComments (0)
November 3, 2007 by admin
Enactments
New Mexico: Senate Bill 621 requires licensure and bonding of private investigation companies instead of individuals. This $10,000 bond is also required of private patrol companies.
Pending
Alaska: House Bill 825 would require a $15,000 License bond for private investigators (or E&O insurance).
Pennsylvania: House Bill 825 if passed would require licensure and bonding of private investigators.
Dead Bills
Colorado: House Bill 1083 would have required private investigators to obtain a surety bond, or an E&O policy, in the amount of $100,000.
Category: Applications, General Surety Information, Homepage, License and PermitComments (0)
