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What are Surety Bonds? Explained with Examples 

Surety Bond Authority
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Hi, Greg here of Surety Bond Authority. A surety bond basically provides a guarantee that a specific task - such as a contractor completing a building project or a travel agency using client funds to purchase elements of the itinerary - is completed to the terms of a contract or in line with laws and regulations.
If you are wondering WHAT a surety bond is, WHO are involved in it, and HOW they work, then here's a definitive explainer guide. This video is a brief introduction to surety bonds by Surety Bond Authority.
To know more about surety bonds, you may visit: suretybondauthority.com/learn....
You'll get to know:
"How much a Surety Bond costs";
"The Process of getting a Surety Bond";
"How long will it take for a surety bond application to be approved";
"What are the types of Surety Bond";
"What if a claim is made on a Surety Bond"
and many more!
====================
I’ll be happy to answer your Surety Bond-related questions!
If you have any questions about Surety Bonds, don't hesitate to leave a comment below and I'll try my best to assist you with your queries.
Or if you prefer to explore the nature of surety bonds, its different types, how it works, and the cost and process of getting one, you could visit Surety Bond Authority's website below:
suretybondauthority.com/
====================
You could also get FULL access to all of our offered Surety Bonds nationwide, just visit: suretybondauthority.com/map/
FREE eBook! - Grab a copy of our FREE eBook, "The Complete Buyer’s Guide to Surety Bonds": suretybondauthority.com/e-book/
====================
SUBSCRIBE for more content!
If you liked this video, please consider subscribing to this RU-vid channel to get instant updates on our new content.
RU-vid - Subscribe to our RU-vid channel:
/ @suretybondauthority4918
You could also like our Facebook page to keep tabs on surety bond-related posts and updates.
FACEBOOK - Connect on our Facebook page:
/ suretybondauthority

Опубликовано:

 

29 апр 2018

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Комментарии : 59   
@LLroomtempJ
@LLroomtempJ 2 года назад
this is the 4th surety bond video i've watched and the first time the concept made sense. thank you for providing examples
@YorumiTech
@YorumiTech Год назад
absolutely clear demonstration of why a surety bond is required.
@toddwieland7664
@toddwieland7664 5 месяцев назад
gao dept
@7eguegueh499
@7eguegueh499 Год назад
You put so much effort in this video! Thank you for helping me in my studies!!!
@jiahuiyan9867
@jiahuiyan9867 3 года назад
best explanation on surety bond!
@juliaoh6648
@juliaoh6648 2 года назад
Thanks for making this video!
@adriangonzalez466
@adriangonzalez466 2 года назад
Does a Seperate Bond need to be purchased for each individual project ? Or wil 1 bond cover any ? Thank you
@spazysmalls
@spazysmalls 2 года назад
i think the best way to make sense of it is the bond is a form of bondage. It's like insurance but with more obligations
@lavanyak6207
@lavanyak6207 2 года назад
Good explanation thank you🤗
@amobilebailbonds8928
@amobilebailbonds8928 3 года назад
Thank you for this explanation. We're available in Houston Texas for anyone that has any questions on a free consultation for bail bonds or how to apply for a bail bond.
@vcc1748
@vcc1748 2 года назад
Whereee
@gurmanjeetsahota7044
@gurmanjeetsahota7044 2 года назад
Is this bond same for canadian freight brokers too?
@JessicaBundy93
@JessicaBundy93 2 года назад
Do you have to pay them monthly or yearly or??
@joelelisha7610
@joelelisha7610 Год назад
I don't know if this is the same thing, but how would I purchase land through a trust in a bonded corperation?
@allrightsreserved3237
@allrightsreserved3237 2 года назад
How does one obtain the bond policy number from public servants who hide them from the public?
@SVGPRO
@SVGPRO 2 месяца назад
You go to your Secretary of State and request an oath of office for the public figure. All that information is on their oath of office documents that they signed.
@allrightsreserved3237
@allrightsreserved3237 2 месяца назад
@@SVGPRO I’m in canada
@SVGPRO
@SVGPRO 2 месяца назад
@@allrightsreserved3237 Registrar General of Canada is the equivalent. Remember its all common wealth countries where this applies.
@saysgin
@saysgin 2 года назад
omg finally I get it, thank you!!
@suretybondauthority4918
@suretybondauthority4918 2 года назад
You're welcome! Glad we could help :)
@joemoore5844
@joemoore5844 2 года назад
Do public officials have surety bonds in place,in the event that they act beyond their official capacity or in violation of civil liberties?
@marvinlaird1971
@marvinlaird1971 2 года назад
@Coverage Awareness Studio so I I was to get a bond before a court date and a judge does not rule by the constitutional law, does that mean he has broken violated the agreement?
@akuiori
@akuiori Год назад
Sometimes they skip that step, if that happens ive heard (dont put much stick into it) you can also take legal actiin for not having the bond aling with whatever violation they committed
@shlmel
@shlmel Год назад
👨🏿‍💻 In the State of Florida, Can the surety, the business or person authorized to issue surety bonds by self insuring a surety bong to him/herself or him/her surety business in the State of Florida? (please reference the florida statutes when you respond).
@felixperalta9135
@felixperalta9135 2 года назад
I’m from CT, how do you find out which surety bond company a business is using so that you can file a claim?
@paulinoviedo764
@paulinoviedo764 7 дней назад
A bit late to the party, but their surety bond issuer should/must (varies by state) have the surety's information on the contract.
@azadyadav1817
@azadyadav1817 2 года назад
Can family members became surety in admission to College ?
@Beanszo
@Beanszo 3 года назад
I need to get one on my motorcycle, is there a way to pay for the bond immediately without credit? I just need to get it out of the way
@suretybondauthority4918
@suretybondauthority4918 3 года назад
Hello! You could always talk to a surety bond expert regarding your bonding needs. Try contacting these folks and they may help you with your surety bond: suretybondauthority.com/contact-us/ I hope this response may still be useful to you :)
@Iamradthad
@Iamradthad Год назад
Who would files the claim against the guardian in the second example?
@zeratul600
@zeratul600 3 года назад
good explanation, 1:16 says "prinicipal" instead of principal just so you know
@suretybondauthority4918
@suretybondauthority4918 3 года назад
Thank you! You're right, that should be "principal", thanks for pointing it out :)
@mayanksingh0044
@mayanksingh0044 Год назад
Thx
@carliedickie2069
@carliedickie2069 Год назад
can anyone give advice for surety bond against a mayor
@LisaKerryTravelAdventures
@LisaKerryTravelAdventures 2 года назад
So surety bond is like an insurance policy?
@suretybondauthority4918
@suretybondauthority4918 2 года назад
Hello! :) Surety bond and Insurance are not really the same. This is a common misconception, mainly because they both provide security. They differ in many ways and you may view a comparison of these two here: suretybondauthority.com/surety-bond-vs-insurance/
@ced-one374
@ced-one374 Год назад
WOW!
@020adarshsharma3
@020adarshsharma3 Год назад
It was so helpful
@wisaammohammed5112
@wisaammohammed5112 3 месяца назад
God bless you
@israelflores244
@israelflores244 5 месяцев назад
so in other words its a way to enforce integrity ...
@Justinkredible_007
@Justinkredible_007 Год назад
Who collects the interest off these bonds ?
@jimboa20
@jimboa20 2 года назад
I'm not entirely sure why the principal would agree to pay for a bond that means if anything happens and the terms of the bond are broken, they end up paying even more money. I get why the whole arrangement is beneficial to the obligee and the guarantor, but what benefit does the principal get out of this whole arrangement? I see no upside for the principal, just a cost of money no matter what happens.
@Resilientlyblessed
@Resilientlyblessed 2 года назад
Right, but in order to do business in some states a surety bond is a requirement
@nickj5657
@nickj5657 2 года назад
its required by law
@freeairbreather2657
@freeairbreather2657 2 года назад
The Principal gets the contract.
@julielaw2069
@julielaw2069 Год назад
typically the principal get paid interest from obligee
@connielindley7669
@connielindley7669 Месяц назад
Because there is no money! The bond is the unconditional order to credit the company if there is dishonor. They take the bond and securities it, also sends to the FRB and receive paper currency if needed. There is no money! Only promises
@anthonybrink287
@anthonybrink287 6 месяцев назад
Why is it so hard to say it’s like “ insurance “
@ladyjusticewarriorqueenz2005
@ladyjusticewarriorqueenz2005 9 месяцев назад
A Surety Bond = Security Bond
@imsoooonotit9176
@imsoooonotit9176 2 года назад
Surety bonds guys. Sabay tayo mag exam
@aashmitheswaribanoth505
@aashmitheswaribanoth505 Год назад
how is this profitable to the surety guy?
@nodice100
@nodice100 Год назад
I GOT BLISTAS ON ME FINGASSSSSS!!!!!!!! :O!!!!!!!!!!!!!!!
@vincentmartin5663
@vincentmartin5663 2 года назад
Too bad Gary Coleman didn't have this when he was a kid....
@Killuminati340
@Killuminati340 Год назад
Thanks lol
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