License Permit Statutory | Statutory Surety Bond
Type of Bond
This bond is created to have a compliance with the statute. This bond describes the liability that the statute imposes on the principal and the surety. This bond is created as per the requirements of the state and federal government. This bonding requirement will vary from the state to state. This statutory bond is created especially for the benefit of the public. The essential requirement of this bond is that the contractors will act as per the jurisdiction of the state. This bond carries whatever liability the statute imposes on the principal and the surety. This bond ensures every action of the principal and the obligee in the statutory manner. This bond thus ensures that the principal will oblige the terms and condition of the contract. Failure of this contract will lead to be sued in the court of law.
Program
The price you'll pay for your Statutory Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of Statutory Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a Statutory Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Statutory Bond Application process.
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!