PHONE248-349-6227
FAX248-348-6762
There are three basic type of bonds used within the construction industry. They are the bid bond, the performance bond and the payment bond. These three basic types of bonds are used to guarantee that contractor will perform the work contracted, at the price contracted within the period of time contracted. If this doesn’t occur…
Read more November 30, 2015In this installment of surety bonds we will continue to look at major points of the claim process in auto dealer surety bonds. Eligibility Only certain consumers are eligible to process a claim against the auto dealerships surety bond. – Consumer Purchaser: Most of the claims that a consumer will make are related to the…
Read more October 30, 2015In our last installment we began comparing surety bonds and insurance. Many people are under the misconception that because of the similarities between surety bonds and the fact that often insurance companies offer them that they too are a form of insurance. This however is not true. As we previously discussed surety bonds are an…
Read more October 30, 2015Most people assume that because surety bonds are offered through an insurance company that a surety bond is a type of insurance policy. This however is untrue. Even though surety bonds and insurance policies have a few insignificant likenesses they are not the same thing at all. In this installment we will discuss the differences…
Read more