SuretyEZ Blog
View the latest blog posts from SuretyEZ.
Friday, April 23, 2021 There are quite a few cities in the US that have made it mandatory for carwash owners to procure a carwash bond when getting a license. Los Angeles is one of them. Like other surety bonds, carwash bonds provide a promise and protection for the public and the government. READ MORE >>
Thursday, April 22, 2021 The used car dealership industry is worth more than $123 billion and enjoys a lucrative market situation. This business is perfect for those interested in selling cars without buying a large auto manufacturer franchise. Most used car dealerships are owned by independent individuals, and they stock various vehicle makes, models, prices, and conditions. READ MORE >>
Wednesday, April 21, 2021 Nearly all P3 projects include construction, which is a risky venture. According to research from 2013 to 2015, around 29% of construction contractors would fail, a failure rate of 1 in every four businesses. These odds indicate the need for bonded surety in construction projects. READ MORE >>
Thursday, April 15, 2021 READ MORE >>
Friday, March 12, 2021 Surety bonds are a form of guarantee for financial credit that involves three parties: the surety, obligee, and the principal. The intended purpose of surety bonds is to safeguard the party (obligee) against significant loss in the event of a default or if the principal party fails to perform its obligation, which was mutually agreed upon. READ MORE >>
Thursday, March 11, 2021 There’s always a significant element of risk involved in all business transactions. This is why many local jurisdictions and states require contractors to be licensed before obtaining permits for projects. And the process of getting licensed often requires them to be bonded. READ MORE >>
Wednesday, March 10, 2021 Although somewhat similar to an insurance policy, a surety bond is an agreement among the obligee, the surety, and the principal party. The principal party, responsible for performing an obligation for the obligee, pays a premium fee to the surety. READ MORE >>
Wednesday, March 10, 2021 READ MORE >>
Monday, February 15, 2021 Perhaps the most important first step to becoming a legitimate construction business is obtaining a contractor’s license. A license protects your payment rights and helps build credibility and trust when it comes to dealing with customers. Most states also legally require contractors to hold a license. READ MORE >>
Saturday, February 13, 2021 The health club industry is worth a staggering $96.7 billion worldwide, according to 2020 statistics. In the US, people have several thousands of health and fitness clubs to choose from. However, what happens when a health club shuts down unexpectedly? READ MORE >>
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