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What is a Sheffield, AL-General Contractor 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 Sheffield, AL-General Contractor 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.
Need a Sheffield, AL-General Contractor Bond?
Swiftbonds is the leading provider of bonds in Sheffield, AL. We offer a variety of bond types for contractors and subcontractors that are required by law to be licensed or registered with the state. Our bonds can help you avoid fines, penalties, and even jail time if you're found guilty of breaking any laws related to your work as a contractor or subcontractor.
Get bonded today! It's easy and affordable with Swiftbonds! Call us at (913) 214-8344 for more information on our services or email us at [email protected].
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Why is the General Contractor 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. Read a Cullman County, AL-Contractor License Bond.
How does a General Contractor Bond work?
Getting a General Contractor 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 Tuscumbia, AL-Electrical Contractor License Bond.
How much does a General Contractor Bond cost?
General Contractor 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 General Contractor 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 Tuscaloosa, AL-Private Detective and Security Guard Bond ($4,000).
How to get your General Contractor Bond?
Would you like to know the first step in getting your General Contractor 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. Get a Tuscaloosa, AL-Plumber Bond.