Bonds....
Bonds
are required to obtain a license or a permit in any city, county, or state. These bonds guarantee whatever the
underlying statute, state law, municipal ordinance, or regulation requires. They may be required for a number of
reasons, for example the payment of certain taxes and fees and providing consumer protection as a condition to
granting licenses related to selling real estate or motor vehicles and contracting services.
Wieben Insurance Services can help you with
all of your bond requirements.With many years of experience in dealing with all kinds of bonds and surety products
and a large pool of companies to work with we can find you the perfect match to fit your needs.
Bonds are a contract that involves three parties known as a principal, oblige, and surety.
OBLIGE: the person who receives money upon completion of a project. Obliges may include
Contractors or subcontractors who require payment for material and labor within a certain time frame.
PRINCIPAL: the person or agency who owes the
money.
SURETY: the company that ensures that the
oblige receives payment. In other words, the bond company is upholding all contractual promises made by the
principal for a material or labor service.
There are many types of bonds from which you can choose according
to your needs.
Contract
Bonds are comprised of several bond types that cover a construction
project from start to finish. Whether you need a single bond to get your project started or multiple bonds to
secure a new project
Court
Bonds guarantee that the winning party in a case will receive their
due payment and also serve to guarantee that custodians or guardians will properly manage finances of another
individual. Following a death, executor or probate bonds are also used to protect an estate’s assets.
Commercial
Bonds come in a wide variety of specialties. These bonds are most
frequently required for business owners who must be bonded in order to legally operate under their state’s
guidelines. Most business owners will require at least one bond in their possession to obtain a business
license.
What ever your bond
needs we can help
Wieben Insurance Services
The place to shop for ALL your insurance needs
PHONES:
(805) 584 0522
(818) 716 0566
FAX:
(805) 582 0284
E-MAIL:
info@wiebeninsurance.com
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