What is Suretyship? Suretyship is a very specialized line of insurance that is created whenever one party guarantees performance of an obligation by another party. There are three parties to the agreement. The principal is the party that undertakes the obligation. The surety guarantees the obligation will be performed. The obligee is the party who …
Preferred Bonding & Insurance Services provides bonds for all types of contractors. Whether you operate a small sole proprietorship or a large general construction corporation, we have markets that will fit your needs. Preferred Bonding & Insurance Services provides the largest surety bond lines at the most competitive rates. Fill out all of the forms …
Preferred Bonding & Insurance Services is pleased to offer our clientele and prospective clientele a full range of bonds and insurance products. PBIS offers your company the ultimate in personalized service, with your own Custom-made Bond Program. The advantages of working with Preferred Bonding & Insurance Services are: A variety of bond markets and programs …
These are required by Statute or Ordinance to make certain the licensee will conform to the Ordinances or Laws relating to the business in which they are engaged. Please complete the Contractors License Bond Application. You can also get a copy of the complete Speedy Application for Process Server Bond, Insurance Broker Bond, Notary Bond, …
General Liability insurance provides for coverage on the maximum amount that your insurer will shoulder when claims are applicable and while the policy is active. Say, a company is covered by the insurer for $500,000 in General Liability. If said company is sued for damages and is fined for $750,000, the insurer will pay the …
Demystifying General Liability Insurance Everyone is becoming more educated. This is a good thing as our society improves and becomes more civilized. Consequently, we all become more aware of our rights which lead to a more litigious population. On some occasions, small issues are blown out of proportion and become major lawsuits. In this respect, …
We at Preferred Bonding & Insurance Services are a second generation family-owned business that has been writing bonds since 1995. This gives us an advantage with our clients, because they are not treated as just another number. We have the experience to work with small to large sized contractors in all markets. SBA award as …