While most surety bond firms do not offer up surety bonds directly to smaller contractors, you can get a surety bond through a specialty agency. These agencies handle the sale and customer service explanations of surety bonds. Picking the right agency for you is very important as going with the wrong agency could end up costing you money – as well as delay the amount of time that it takes you to receive a surety bond for your project. Here are some of the things to consider when you are trying to find the right bond agency.
1. The price of bonds through an agency: most customers generally go with the agency that can offer them the best possible price on the cost of the surety bond. Make sure that you inquire at a few different agencies to see the differences in surety bonds that are offered. Finding an agency that has different surety companies can help you to find the lowest price on a surety bond. Different agencies may also have exclusive bond programs that can help to save customers money.
2. Industry experience: it’s always important to go with the surety bond agency that has extensive experience in the industry. Make sure that you find an agency that is easy to speak to and can answer all of your questions. Having the answers available to you can help you avoid unnecessary delays and can prepare you so that you can have everything in order when you want to purchase your surety bond. Picking an agency that has lots of industry experience will ensure that they have handled a similar case to yours so that the process will be simple to get through.
3. Great Customer Service: an agency with great customer service will be able to cut down on the amount of time that it takes you to get a surety bond. This is because they can offer up specialty bond insurance, simplify the application process for you and provide you with very quick approvals for your surety bond.
These are just a few of the ways that you can find the right bond agency for you.