Definition A bond program is a pre-arranged agreement that gives contractors ongoing access to surety bonds without restarting the full underwriting process each time. In effect, it’s like having a “line of credit” specifically for bonding. Once approved, you can quickly draw bonds for new jobs instead of beginning from scratch every time. Why Contractors […]
Category Archives: Surety Bonds
23
May
May
Construction Bonds: What Every Contractor Needs to Know [An Infographic] Whether you’re bidding on your first public project or expanding your private sector portfolio, understanding construction bonds is essential to protecting your business and winning work. At ZipBonds, we know that navigating bonding requirements can be overwhelming, so we created a simple, visual guide to […]
28
Feb
Feb
There are several types of surety bonds. Two of the main categories are contract bonds and commercial bonds, which we’ll cover today. While they have overlapping similarities, they also have some distinct differences that set them apart. Read on to learn when and why you might need to obtain one of these types of surety […]
12
Feb
Feb
“You want to find a contractor that is bonded and insured.” You hear this sentiment echoed all the time, from contracting companies screening new hires to homeowners considering a renovation. And it’s absolutely true. To compete in the job market as a general contractor, you need to have the right qualifications. Being insured and bonded […]
10
Feb
Feb
Are you interested in the logistics industry? If so, you may be considering a career as a freight broker. A freight broker acts as an intermediary between shippers and carriers to facilitate the transportation of goods. In this guide, we’ll explore what a freight broker does, how much they can make, the pros and cons […]
29
Aug
Aug
When applying for a surety bond, particularly in industries like construction and law, understanding the concept of collateral and its significance can empower you to navigate the bonding process with confidence and knowledge. Collateral is sometimes a requirement from a surety for a high-risk bond. Other times, it can be a viable solution for a […]
28
Aug
Aug
Running a small business is a big deal. It’s likely your passion, livelihood, and reputation on the line. Whether you’re a newbie entrepreneur or a seasoned pro, there’s one thing you can’t afford to overlook: surety bonds and insurance. These aren’t just bureaucratic boxes to check off. They’re the safety nets that protect everything you’ve […]
27
Aug
Aug
If you’re embarking on the journey of opening a new small business, you may feel overwhelmed by your ever-growing to-do list. Today, we want to clear up any confusion surrounding small business bonds so you can check that item off your list. Small business surety bonds are essential tools that protect your business and customers […]