SuretyEZ Blog
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Thursday, July 22, 2021 A surety bond has three parties involved in the process: Principal, Obligee, and Surety. The principal party pays for the bond and performs the service; the obligee is the one the service is being performed for; and the surety is the party that pays the obligee in case the principal fails to perform. READ MORE >>
Wednesday, July 21, 2021 There are three main types of surety bonds: court, contract, and commercial. All of them act as guarantee on behalf of the principal. Other than the principal, there are two more parties involved in surety bonds: The obligee and the surety. The obligee is the party for which the principal performs a specific service. READ MORE >>
Tuesday, July 20, 2021 What is Telemarketing? Telemarketing is selling products or services to customer through a telephone call. The customers are called on numbers taken either from telephone directories or from the company’s database. The calls mostly follow scripted sales pitch with some room to customize the pitch according to the customer. READ MORE >>
Thursday, July 15, 2021 Surety bond fraud is issuing fake surety bonds by fraudulent companies, self-proclaimed bond agents, or the principals. The construction sector is chock-full of instances where contracting companies give fake bonds to their employees to get jobs. READ MORE >>
Wednesday, July 14, 2021 A court bond is sought whenever you need to go through a court to carry out certain proceedings. The court’s role here is to mitigate financial loss and ensure compliance with the terms and conditions of an agreement or task by verifying your financial credibility and knowledge. READ MORE >>
Tuesday, July 13, 2021 A contractor license bond is used to reassure prospective clients that they are not liable to pay for damages on the job. It is also an important prerequisite to obtaining a contractor’s license because the underlying assumption is that you will be complying with all of a state’s laws and regulations at work. READ MORE >>
Monday, July 12, 2021 READ MORE >>
Thursday, June 24, 2021 READ MORE >>
Wednesday, June 23, 2021 Surety bonds are fairly comprehensive and reliable in the way they bring three parties together rather than two, unlike an insurance bond. The three parties are legally bound in an agreement that outlines specific obligations and benefits for each of them. READ MORE >>
Tuesday, June 22, 2021 If you’ve been in the construction business for a while, you would be well aware of the several risks associated with construction projects. From small problems like minor cost increases to serious issues like workers’ safety and disruptive natural disasters, many things can go wrong and result in the project coming to a halt. READ MORE >>
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