Can you be bonded but not insured?

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1. 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,...
2. 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...
3. 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...
4. Why are contractors bonded? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE What is a Contractor’s Bond? Bonding protects the consumer if the contractor fails to complete a job, doesn’t pay for permits, or fails to meet other financial obligations, such as paying for supplies or subcontractors or covering damage...
5. Is licensed and bonded the same thing? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE The short answer to this question is simply that a business or contractor has a business license and surety bond. Getting licensed often involves getting bonded, although these two terms are different. Jun 16, 2017 CALL US NOW...
6. Should a handyman be bonded? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE Carrying handyman insurance and surety bonds is a must for your small business. Insurance protects you from accidents and lawsuits, giving you greater financial security and peace of mind. Bonds can help give your customers peace of mind...