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What is a MA – Blanket Deposit (DCAM) Bond?
If you are engaged in the completion of projects throughout Massachusetts, then it is your responsibility to file a bond with every project. This requirement was set by state law and applies regardless if there are multiple companies working on one site or not doing their own work (which can lead to an increased risk).
Do you need a Bond?
Swiftbonds provides a variety of bond types to meet the needs of our clients. Our bonds are affordable and easy to apply for. We offer a wide range of coverage options with flexible terms and conditions so you can get the right bond for your situation.
If you need help finding the right type of bond or have any questions about our products, please contact us at (913) 214-8344 or email gary@swiftbonds.com. We’re here to answer all your questions!
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Why is the MA – Blanket Deposit (DCAM) 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. Here's a MA – Clam Digging, Taking and Transporting ($1,000) Bond.
How does a MA – Blanket Deposit (DCAM) Bond work?
Getting a MA – Blanket Deposit (DCAM) 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. Have a MA – Blasting Operations Blanket ($20,000) Bond.
How much does a MA – Blanket Deposit (DCAM) Bond cost?
MA – Blanket Deposit (DCAM) 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 a MA – Blanket Deposit (DCAM) 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. Need a MA – Auctioneer ($10,000) Bond.
How to get your MA – Blanket Deposit (DCAM) Bond?
Would you like to know the first step in getting your MA – Blanket Deposit (DCAM) 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. Read a Massachusetts Collection Agency Bond ($25,000).
