Surety Bonds are becoming a necessity for most businesses or projects. Finding the right surety Bond Company doesn’t have to be a difficult challenge. So where does a consumer begin to choose the right surety bond company? Here are some quick tips and suggestions to help you find the best surety bond company for your business or project.
Make sure you get good and accurate rates.
Some surety bonds, have variable rates the can change on a regular basis. Even if you have a bond that does not vary that much, if it is a large bond, then even a small rate increase can make a significance difference when it comes to the premium. Make sure you have an agency that will talk to you about which carriers will consider you and what their current rates are. However don’t compare your bond cost to other businesses you know that has the same kind of bond as you because there are so many variables that can factor into the overall cost of a surety bond.
Make sure the bond company is prompt and punctual.
Some sureties take longer than others to finalize, depending the field of work it is to be used for. With bonds now being a required component of most businesses, you need to make sure that the bond agency you use has a reputation for great service and prompt turnaround times (within reason). Even though there are many factors that go into the finalizing a bond you still want to be looking for straight forward and frequent communication from your bond agency until the bond is completed.
Does the Bond Agency provide the bond you are looking for?
Simon Insurance provides you with wide range of different surety bonds; we aim to provide you with the exact bond you need for business or project. Here’s a sample of some of the more popular bonds we provide:
- Executor Bonds
- Fiduciary Bonds
- Surety Bonds
- Probate Bonds
- License and Permit Bonds
- Court Bonds
- Guardianship Bonds
- Testamentary Trustee Bonds
- Trustee for Will Bonds
- Non-Standard Surety Bonds
- Contract Bonds and more.
Check credit rating.
You may choose to check the credit rating that will rate the stability of any given Surety Company. This can be very useful, since from time to time a bond will not be received by an obligee if the company’s grade is bad. Normally anything above a B will be accepted, but you should determine ahead of time if the obligee has any particular requirements.
Find out if the bond company has a long reputable history.
Simon Insurance has more than 30 years’ experience delivering professional service for all kinds of bonds. Our experience is a competitive advantage in providing the best rates and coverage for your exact bond requirements. We use our collective wealth of knowledge and experience in the surety bonds business to ensure that you get the best terms and conditions available for your bond.
Above all look for a bond agency that is transparent and willing to answer the tough questions about costs and benefits, and is willing to go that extra step to make sure that you’re fully in the know with details of the bond issued.
Call us today for a free consultation for all types of Surety Bonds including Court Bonds, License Bonds, Probate Bonds and Permit Bonds. Simon Insurance is based in South Florida and serves clients throughout the United States and Florida including Miami, Ft Lauderdale, West Palm Beach, Tampa, St Petersburg, Cape Coral, Orlando and Jacksonville. We encourage you to browse our website and call or email us today to find out how we can assist and help you.