The construction trade requires contractors of all types to take out bonds. These bonds work similar to insurance policies but with a few major differences. For example, the bond is purchased from a special agency that deals with bonds, and the tradesperson needs to pay for a portion of the bond up front. Should the […]
Auto dealers have a lot of different insurance policies that they need to have in place in order to operate legally. This includes surety bonds. What do these bonds do? How do they work? And why are they needed? There are many things that go into purchasing a bond as an automotive dealer, but the […]
Real estate developments make some big promises to their customers. Those who choose to go through a developer and have a new house built need to choose the plot of land, select a house design, and then go through all of the steps towards getting it finished, such as picking out wall colors and flooring […]
General contractors, regardless of their specialty, need to understand how performance bonds work. Many states require these bonds, which provide an additional layer of protection for the people who hire the contractor to get their ordered work done. Without one, you have no recourse should the contractor disappear before the job is complete. These specialty […]
Before taking on a new job, contractors should always consider having a surety bond in place. These bonds protect both the contractor and the client who hired them, helping ensure that the project gets done. Yes, you may be able to operate without a surety bond, but that largely depends on the state in which […]
You’ve heard of companies that are licensed, insured, and bonded. Have you wondered if your own small business should be too? It helps to understand what a bond is and how it can help your business. What is a Bond? A bond is a guarantee between three parties: you, a customer or client that you’ve […]
Surety bonds come in all different shapes and sizes, depending on your business needs, but they are designed to do one thing – protect everyone involved in a contract.
Most surety bonds protect the customer who hired you to complete a job. Others, like fidelity bonds, protect both the customer and your business. Charlotte Insurance understands the different types of surety bonds and can help you make a more informed decision for how best to protect your business and your customers.
You’ve worked hard to build relationships with your clients and customers. You’ve got amazing employees who care about taking care of customers and seeing the business grow. But it only takes one bad apple to destroy everything you’ve built.
As careful as you may be when you hire new employees, there could easily come a time when you hire someone who is dishonest.
With the passage of the new laws governing licensed landscapers in North Carolina, there’s a lot to take in and understand so that you’re in compliance. As of August 1, landscapers are no longer simply registered within the state but are now licensed and must show proof of purchase for surety bonds. What does this mean for you as a professional landscaper?
