The bond is a written contract between an insurance company and the applicant who, in our case, has been approved to solicit funds on behalf of a charity (or non profit). It guarantees that if the fundraiser issues checks that do not get cashed, the check writer remains legally responsible. If the check writer does cash a non-sufficient fund or otherwise un-collectable check, the bond will be used to replenish the charity for the amount of the bad check(s). If you have a surety bond in place, it's not necessary to obtain commercial surety bond quotes. You will be set once your current bondsman assists you in acquiring your new bond.

A contractor's bond can help you feel secure and protected in case a certain situation arises. For example, if a contractor defaults on their obligation, the contract surety bonds will compensate the claimant. If you use Contractor Bonds Services to secure your contract, they will take care of the entire process. They will determine your eligibility for a bond, get you a quote and then help you through the application process. Once you receive your certificate of completion, your project is protected. For more information, please refer to the info-graphic below.