McFarlin Insurance Agency Blog: surety
View the latest blog posts from McFarlin Insurance Agency.
Friday, September 16, 2022 Surety bonds are essentially a guarantee that the principal will perform their job as detailed in the contract. If a person or business hires a bonded contractor and the work does not get done as promised, the company that issued the bond is responsible for the resulting financial losses. READ MORE >>
Wednesday, December 21, 2016Surety bonds are one of the best tools businesses have for protecting their clients and safeguarding the outcome of projects. They can help to encourage your would-be clients to take on a project with you. They can be one of the best ways to convince lenders as well as government agencies to allow a project to go forward. READ MORE >>
Friday, January 22, 2016For many companies, the investment in surety bonds is an essential one. These bonds help to provide protection for all involved. It ensures that the contract is completed in the event that the contractor (you) defaults on your promises. READ MORE >>
Friday, June 5, 2015Your mother passed away intestate, or in other words, without leaving a will. Had she left one, she would have designated someone as executor of her estate. As it stands, someone had to stand up and take responsibility for seeing to it that her estate is distributed equitably among her apparent heirs. READ MORE >>
Friday, November 14, 2014As a contractor, you know that a multitude of potential issues can prevent you from finishing a job as planned. And though you always try to perform in a professional manner, there are some circumstances that cannot be avoided. If this occurs, the project owner can take legal action to recover their losses. READ MORE >>
Thursday, January 2, 2014Bonding your business is a promise to your customer that the job will get done as promised, therefore adding credibility to your name. Surety bonds come in a variety of forms to match the unique needs of your industry, particularly construction and financial. READ MORE >>
Friday, October 25, 2013Businesses that are licensed and bonded are generally known as more trusted resources. But what does it mean to be bonded? Bonds, in the simplest sense, are guarantees that the job will get done satisfactorily. READ MORE >>
Monday, July 1, 2013A surety bond is a legal, three-way contract where an investor (surety) agrees to pay an obligee a specified monetary amount in case the principal (obligor) fails to satisfy their contractual obligations. In today’s increasingly competitive market, construction bonds protect the interested parties from the various risks involved in daily business operations. READ MORE >>
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