Why are contractors bonded?

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1. Why is a bond required for contractors? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE The bond protects against disruptions or financial loss due to a contractor’s failure to complete a project or failure to meet project specifications. By submitting a construction bond, the party managing the construction work states they can complete...
2. How do contractors get revenge? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE Five Ways To Get Your Money Back From Bad Contractors Go to Small Claims Court. Small claims court is a legal venue for homeowners who feel they are owed money back from a contractor. … Hire an Attorney....
3. What credit score do you need to get bonded? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE Ideally, surety bond companies will look for credit scores higher than 670 and an absence of collections, liens, and judgments. If your credit score is under 670, that’s usually okay, you will likely just have to pay more...
4. What is the difference between bonded and insured? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE Being bonded means you have purchased a surety bond that offers limited guarantees to clients. Being insured means that you have an insurance policy that protects against accidents and liabilities, often with greater limits than bonds. Apr 19,...
5. How do you get a bonded title? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE To get a bonded title, you will need to prove that the vehicle you have in your possession is in fact yours. Valid proof includes a bill of sale or cancelled check. If you do not have a...
6. Can you be bonded but not insured? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE They are designed to protect a person or a business in the event of something going wrong. However, they are not the same thing. Being bonded is not insurance. It can be a little confusing when the terms...