As a business owner, you may be required by your local and state governments to obtain commercial surety bonds before you can legally conduct business in a specific municipality or state. These bonds usually pertain to license and permit bonds, in which certain business owners must satisfy local and state regulations to legally operate their businesses.
Such bonds include mortgage broker bonds, auto dealer bonds and contractor license bonds. These bonds help protect consumers by ensuring your business will perform its work according to local, state and federal regulations. This gives consumers confidence in your business, knowing you are qualified and are in good standing with the government. They also can trust you are an ethical business because you have taken time to guarantee your work with a surety bond.
While there are countless types of surety bonds, each state differs in requirements, amounts and types. To obtain the right bond for your business, contact one of the experienced insurance professionals at Smart Insurance.