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What Is a Plumbing Bond?
Every plumbing specialist in the country needs to post a professional license bond as part of their licensing process. The type and amount of required bonding may vary depending on where you are located, but it is designed to protect your customers from shoddy service or illegal practices while guaranteeing adherence to all applicable laws.
Need a Haines City, FL-Plumber ($5,000) Bond?
A bond is a type of insurance that guarantees the performance of an agreement or contract. It's also known as suretyship, which means to provide security on behalf of another person. Swiftbonds provides bonds in all 50 states and Washington D.C., so we can help with any project you're working on!
We offer many types of bonds including construction, public work, contractor’s license and permit, liquor license, gaming license, and more! Our customer service team is here to answer any questions you may have about our products or services. Contact us today for more information!
Click this right now to learn more about how Swiftbonds can help your company get bonded today!
Who needs to obtain a plumbing bond?
Plumbers must get registered or licensed with state authorities in most cases. To obtain a plumbing license, you need to post your own plumbing bond that will protect the licensing officials and customers from any potential misuse of their services upon completion. Have a Florida Tobacco Products Distributor Bond.
How does Plumbing Bond work?
Getting a Plumbing 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.
How much does a Plumbing Bond cost?
Plumbing 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. Read a Florida Cigarette Distributing Agent Bond.
Can I get a Plumbing 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.
How to get your Plumbing Bond?
Would you like to know the first step in getting your Plumbing 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. Find a Haines City, FL-Residential Contractor ($5,000) Bond.
What happens in case of a bond claim?
If you have a plumbing business, it is important to know the difference between insurance and your piping bond. Insurance protects yourself as an entrepreneur but if there are any violations of rules or laws by customers then they will file claims on your bonding company which means that you would be liable for all damages up until penal sum amount per claim.
Your surety covers costs in the beginning, but you need to reimburse them fully later. You might not be able to get bonded again if you have too many claims. The best course of action is stay away from situations that lead to claims so your business doesn't suffer financially and never gets insured again! Get a Haines City, FL-Pool Contractor ($5,000) Bond.