What Is a Surety Bond and Why You're Required To Purchase One

Have you been told to purchase a surety bond? And your first thought is, what is a surety bond? In this video you'll learn what a surety bond is with easy to understand examples. By the end you'll understand why you're required to purchase a surety bond and how you can get the lowest price. #suretybond #insurance

🎬 Video Timestamps:
00:14 - Why a surety bond is required
00:30 - What a surety bond protects against
00:40 - The three parties in a surety bond agreement
01:25 - Example 1: Contractor Licenses
02:00 - Example 2: Auto Dealer Licenses
02:52 - Example 3: Commercial Cleaning Company
03:46 - More example of surety bonds
03:59 - How to find the surety bond you need
04:31 - Work with a specialty surety agent
04:56 - Get your surety bond cost
06:25 - Renew your bond when required

📖 Learn about the difference between a surety bond and business insurance.
Surety Bonds vs Insurance

📖 Read our full article about what a surety bond is.
https://www.suretybondsdirect.com/edu...

📚 Learn more about surety bonds and the specific type of bond you require on our blog.
https://www.suretybondsdirect.com/blog

🔍 Find the specific bond you required using our real time bond search form.
https://www.suretybondsdirect.com/sur...

💵 Get a free bond quote and know the exact cost of your specific bond.
https://www.suretybondsdirect.com/quo...

We have bond specialists ready to help you.

Call us at 1-800-608-9950

Get more information about surety bonds and business licensing requirements.

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