September 30, 2012 by admin · Comments Off
When you need a contractor bond, but you have bad credit, how does that affect you? Can you even get a contractor bond when you have bad credit? What do you do to find these things out? These are all common questions that face the contractor that finds himself in the unenviable position of having bad credit for the first time. If this sounds like you, then you have to find the answer as fast as you can. This tough economy makes for short timelines when it comes to things that affect your revenue. Let’s start with the first part.
How does your newly acquired bad credit affect your ability to get a contractor bond?You have bad credit, and you need a contractor bond, so your first step is to find a good surety bond company that sells high risk surety bonds. If they do, then they will probably sell high risk contractor bonds, too. You have no worries in that case. The trick is finding a surety bond company you can trust. If you can’t trust your surety bond company to do what they say they will do, what do you do then? Once you do, you are home free.
As far as your credit affecting your bond, you will find that it really doesn’t. Once a surety bond company decides to stand behind you, you are golden.
September 28, 2012 by admin · Comments Off
You must have been wondering how auto dealer bonds work, and if they are one of those phony bond schemes or money-back guarantee schemes that you have watched on television. Do not wonder too far away, auto dealer bonds are a legal form of insurance policies that are issued by various states in order to protect buyers form the unscrupulous activities of car dealers.
When auto dealer bonds are bought the Bond Company usually evaluates the finances, credit and commercial status of the company and then sets a premium for the cost of the bond. There are often cases or scenarios when an auto dealer does not fulfill the warranty agreement that a buyer of a product was supposed to enjoy, the customer, therefore, suffers a form of financial loss in this regards due to wrong evaluation of the car. In this case, the customer will need to prove that he has suffered some form of loss. A copy of a contract written agreement and a comprehensive information about the losses is usually required.
Normally a customer is deemed to have provided enough documentations if he or she provides a written bill of sale, proof of cash deposit, contract between the buyer and the dealer or a copy of contract. After the documentation, the claim will be evaluated and if the customer is deemed to have suffered any loss, the customer will be reimbursed up to the value of the coverage provided by the bond.
September 27, 2012 by admin · Comments Off
If you are a small business owner, you may or may not have heard of a dishonesty bond. They are not the best known surety bond out there, but they just might be the most important if the worst happens to your business. There are several pieces of information you deserve to know about if you are going to make a informed decision about dishonestly bonds. Keep in mind, if you don’t, it could mean shutting your doors. Let me explain.
The worst thing you could have happen as a business owner is for an employee you trust to steal from you. The only thing worse is for that to be a large amount. This is where dishonesty bonds come in. Here are 2 ways a dishonesty bond can save your business.
First, by the coverage. This might shock you, but you can get around 100,000.00 of coverage for as little as 300.00 if your ducks line up right. That is a huge amount of leverage, and you should make it available to your small business.
Second, a dishonesty bond can save your business by making it more attractive to investors or a purchaser. If someone is valuing your business, and they see that you have taken the precaution of putting a dishonesty bond in place, that makes your company that much more valuable. It also shows you to be a very prudent business owner.
September 22, 2012 by admin · Comments Off
Surety bonds serve a necessary purpose, we all know that. The government demands that we have them; everyone knows that, too. What everyone also knows is that dealing with getting a surety bond is a major pain in the neck. You go through all the hassle of dealing with the paper work, only to find out, days later, that you have been turned down because of your credit! Who needs that kind of mental torture?
The great news is that there are companies out there who remove all of the headache and hassle from the process of securing surety bonds for you. All you do is register with them, and they have a quick turn-around process that can be accomplished many times in less than twenty-four hours. They even have a instant approval process that completes everything you need to have done online, then emails you the bond! How would that feel to not have to worry with all of the normal paperwork and keeping up with who put what where, and when am I going to get this in the mail, when can I start actually making money at this business, among all the other questions. One easy click of your mouse, and a little information providing, and you are on your merry way. No more worrying, no more hassle, no more waiting! And if you have bad credit, you are not left out in the cold, there are companies with programs for you, too.
In short, don’t be caught short when it comes to your surety bonds. There are people out there with your best interest at heart, and they are FAST!
September 21, 2012 by admin · Comments Off
What is the number one need for a small business? What is the one thing, above all else, that it must have? Ask these questions or similar ones and you will get several types of answers. Some will center around employees; you have to be able to find the right kind of help. Others will center around cash flow; you can’t survive without dough. I want to present to you the idea that a small business, especially in today’s economic climate, absolutely cannot survive without the correct small business insurance policies and strategies in place. While it is true that cash flow is the life-blood of small businesses everywhere, there is something of a whip-saw effect that is a result of the economic weakness present now. Even if you are a apartment building owner you need to have find an apartment owners insurance program that will cover you in case of liability.
September 20, 2012 by admin · Comments Off
An employment agency surety bond is a form of a surety bond that is required by the government from all employment agencies before obtaining licenses that will allow them to practice are issued. Getting an employment agency surety bond is not as complicated as some people think, although knowing about some basic steps will massively help in the process.
- The first step necessary for anybody that is ready to get an employment agency surety bond is to visit the state capital of its business and request for information about getting a private employment surety bond. The process is often uncomplicated and will require that a form is filled after which the stipulated fees are paid.
- Anytime you visit your state capital for information, always look out for the labour department as most of these processes are carried out there, or else there is none at your state office.
- Confirm from your processing officers if you need the third party assistance to get a surety bond; this is necessary as some cases require that a form of guarantor or reference is provided. Furthermore, there are peculiar cases where some forms of insurance policies are needed before this bond is finally issued. Generally, most of these additional requirements are set for companies that have high default risk or bad credit history.
- Always ensure that the rules and regulations of both local and state regulatory institutions have been duly followed. Case of regular and consistent violations by applying agencies may result in denied application for the employment agency surety bond.
September 19, 2012 by admin · Comments Off
Public adjusters are insurance professionals who specialize in interviewing a claimant or witness, also going to police and hospital records if need be. They also inspect damaged properties in a bid to ascertain the extent of a company’s liability. Completing the preparation of a property damage claim is something that is considered unfamiliar territory for most home owners but this is where public adjusters excel heavily. The constituents of a public adjuster surety bond include technical terms like actual cash value, replacement costs and depreciation. All of these are terms that the policy holder will not understand, and this is where a trained claims-adjuster comes in.
Other things that the adjuster can handle are property claims involving damage to buildings and structures or liability claims involving motor vehicle accidents, slips, falls, negligent behavior etc. public adjusters that handle both types of claims are known as multi-line adjusters. There are also all line adjusters that handle any type of claims, which include professional liability. There are also all line adjusters; these specialize in all types of claims.
For a public adjuster to get licensed however, he or she needs to get a public adjuster bond. The surety bond is a sort of legal binding contract that shows that the adjuster would abide by the laws and regulations guiding the business. To qualify for a public adjuster bond however, the adjuster needs to show a good credit history. This is apart from other screenings that will be required by the bonding house. It must be noted, however, that some states do not have this down as a compulsory requirement to getting licensed. You need to crosscheck, however, to see what the requirements for your state are.
September 17, 2012 by admin · Comments Off
There are various camps for children and youth, that offer several sport events and dance sessions. Therefore, a lot of parents are becoming more and more interested in these sports-related activities, and the attendance in the sports camps have been increasing day by day. Now, the participants in these sports camps are full of energy; therefore, often they inflict certain injuries or some accidents may occur.
The probability of such accidental situations and undesirable circumstances is much higher; therefore, the camp owners go for an appropriate sports camp insurance policy to have the suitable cover for their business. The insurance policy offers protection against liability expenses that, generally, results from the sport activities. Often, the camps are set in places that are not the property of camp operators; therefore, the insurance policy also covers for the damage to the property.
Now, apart from the above-mentioned situations, there are also occasions when the clients suffer injuries because of inefficient service of the staff or employees. In such situations, sports camp insurance policy serves an important role in protecting the staff from a lawsuit. The same protection is valid, if the injury or damage arises due to consumption of any product or utilization of a facility in the sports camp. So, if you have a suitable insurance policy in place, your business will stay safe from a lot of liabilities and lawsuits. In case, you are a camp owner or operator of a sports clinic and does not have any sports camp insurance policy yet; make sure that you do your best to get one as soon as possible!
September 14, 2012 by admin · Comments Off
The consumer should want to have service providers who have a surety bond for the protection it affords them in case of a problem with work quality. They should be informed that the bond represents a badge of reliability and pride in workmanship. It is a selling point the bond holder can bring into any conversation about reliability and quality work. Having a surety bond is helpful to both parties in the transaction. The bond holder can use that fact as a selling point and pride point. The consumer will want to know that they have a worker or company who has passed the standards to obtain the surety bond. You should always make sure a company is bonded before you just hire them.
September 11, 2012 by admin · Comments Off
As a fitness instructor, it is not enough for you to know the importance of getting fitness instructor liability insurance; you must also know how best to select an insurance provider among the many providers who exist out there. After all, with the wrong insurance provider, getting a fitness trainer insurance policy might not prove to be quite so beneficial after all.
First, the provider you choose must be one that gives you the most specific and comprehensive coverage possible. The extent of coverage offered by different insurance companies and providers differs. So when getting a fitness trainer insurance policy, ensure to inquire from the companies under your consideration as to the extent of coverage they offer.
The premium rate offered by an insurance company or provider can also be a crucial factor. When getting a fitness trainer insurance policy, it is important to go with a provider who offers premium rates you can easily afford; rates offered should also guarantee you the highest possible value for your money. You mustn’t necessarily go with a company offering the cheapest rate you can find; sometimes, such a company can make your fitness insurance experience a nightmare. You should, however, endeavor to strike a reasonable balance between affordability and quality.
Moreover, advancements in the internet world have helped in making so many processes easier. You can as well search online for ‘fitness trainer insurance’ providers and browse through the coverage and premium rates they offer.