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