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Home > Blog > TMD Surety Bonds Blog: surety
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TMD Surety Bonds Blog: surety

View the latest blog posts from TMD Surety Bonds.

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Wednesday, December 23, 2020

How Do Surety Bond Claims Work?

Surety bonds are required for many businesses and professionals. It operates differently than an insurance policy, however.  Rather than a business owner purchasing an insurance policy and filing claims directly with the insurer in a two-way agreement, a surety bond operates as a three-way agreement between the business owner, client and the surety. READ MORE >>

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Wednesday, December 16, 2020

Are Surety Bonds Insurance?

When putting together your business’s risk management portfolio, you will naturally need to include commercial insurance as part of your strategy. However, another critical piece of financial protection that you might need is a commercial bond. READ MORE >>

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Wednesday, November 18, 2020

Who Actually Needs a Surety Bond?

Surety bonds are required in certain circumstances for different individuals and entities. Most surety bonds must be purchased by individuals and businesses that are required to carry the bond.  License and Permit Bonds  READ MORE >>

Thursday, October 15, 2020

Are Surety Bonds Expensive?

No two surety bonds are the same, nor are their prices. Depending on your surety bond and the percentage you are expected to pay, you could pay anywhere between a hundred and thousands of dollars for a surety bond.    This is because you do not need to pay the full cost of a surety bond. READ MORE >>

Thursday, July 30, 2020

Can You Get Your Money Back on a Surety Bond?

Unlike when you purchase an insurance policy, a surety bond is not something you pay monthly premiums on in exchange for coverage. Instead, a surety bond is a one-time, lump sum payment that acts as an agreement between three different parties. READ MORE >>

Monday, June 29, 2020

Surety Bonds and Your Professional Reputation

When developing a trustworthy business, you have a lot of things to think about. A welcoming working environment and fair billing practices are not the only important impressions to cultivate with your clients. You also must do the work as you promise, particularly when you have contracts that you have to follow. READ MORE >>

Monday, June 22, 2020

The Primary Types of Contractor Surety Bonds

When signing contracts with clients, you might have to buy surety bonds. They reassure clients that you will meet your contractual obligations or pay up. Contractors have choices of surety bonds. You might need to invest in several to help you meet your appropriate obligations. READ MORE >>

Thursday, May 21, 2020

When are Surety Bonds Required?

Surety bonds are useful but confusing, as there are many different types that each serve a different purpose. Some surety bonds may be required, but this depends both on the type of bond and the parties involved.  READ MORE >>

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Wednesday, January 22, 2020

How Do Surety Bonds Work For A Car?

Bonds are a confusing topic. There are surety bonds for various purposes, one of which is for vehicles. A title bond—also known as a "Certificate of Title Surety" — is a type of surety bond. You may need a title bond if your vehicle's title is: Missing Defective Illegible READ MORE >>

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Wednesday, January 8, 2020

Do You Pay Surety Bonds Monthly?

If your business needs a surety bond, you may be concerned about how much it will cost. Businesses already have to pay a lot to both start operations and to continue operating. Your business may or may not need a surety bond. Thankfully, even if it does, surety bonds have a one-time payment — not a recurring payment. READ MORE >>

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