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What is an Arkansas Contractor Bond in Lieu of Financials?
A bond is a form of security that guarantees the completion or fulfillment of an obligation. Businesses are required to file with their Obligee (the agency in charge) before they can begin operating, and this document protects the public by transferring liability on behalf of any breaking laws back to business owners.
Do you need a bond for your company?
Swiftbonds is a leading provider of surety bonds. We offer the best rates, fastest service, and most professional customer service in the industry. Our goal is to make sure that we are always there when you need us.
If you’re looking for an easy way to get bonded quickly, call or email us today! We can help with any type of bonding requirement – from construction site safety to general liability insurance. You can even apply online! It only takes minutes and it's completely free.
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Why is the Arkansas Contractor Bond in Lieu of Financials 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. Need a Arkansas Mortgage Banker $150,000 Bond.
How does an Arkansas Contractor Bond in Lieu of Financials work?
Getting an Arkansas Contractor Bond in Lieu of Financials 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. Read a Arkansas Commercial Contractor's License Bond ($10,000).
How much does an Arkansas Contractor Bond in Lieu of Financials cost?
Arkansas Contractor Bond in Lieu of Financials 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 Arkansas Contractor Bond in Lieu of Financials 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. Get a Arkansas Mortgage Banker $200,000 Bond.
How to get your Arkansas Contractor Bond in Lieu of Financials?
Would you like to know the first step in getting your Arkansas Contractor Bond in Lieu of Financials? 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 Arkansas Collection Agency Bond.