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What is an Annual Performance Bond?
A surety bond is a certificate of deposit that protects the party requesting it from any potential losses if you breach your contract with them. The Annual Performance Bond holds you accountable for all business decisions and forces financial obligations to be fulfilled by both parties in order to protect against damages, loss or unethical practices.
Swiftbonds is a company that provides bonds to people in need of them.
We provide bonds for many different purposes, including Annual Performance Bond and more. If you're interested in a bond, we can help!
We want to make sure you get the best service possible when it comes to your bond needs. That's why we offer competitive rates and fast turnaround times on all our services. Give us a call today!
Give us a call at (913) 214-8344 or fill out our contact form online now!
Why is the Annual Performance Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. Get a Louisiana Motor Fuels Tax – Distributor Bond.
How does an Annual Performance Bond work?
Getting an Annual Performance Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. Here's a Baton Rouge, LA-Plumber ($5,000) Bond.
How much does an Annual Performance Bond cost?
Annual Performance Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.
Can I get an Annual Performance Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. Find a Atchafalaya District Oversize and Overweight Permit Annual Bond.
How to get your Annual Performance Bond?
Would you like to know the first step in getting your Annual Performance Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. See a Entergy Gulf States, Inc. Utility Deposit Bond (Louisiana).