Surety Bond Education

You’ve probably seen a truck driving down the road or a business card state “Licensed and Bonded”, right? Well what exactly does it mean to be licensed and bonded? What Does Licensed and Bonded Mean? Let’s break it down a little bit.  First, what does it mean to be licensed? There are many types of businesses and trades that require a professional license in order to perform that particular line of work.  For instance, the person that cuts your hair must be licensed.  To obtain a license they must prove that they have a certain level of acumen in that […]

Do you need a surety bond for your business? At Schmalz & Associates, we want to provide you with helpful resources to develop your understanding of surety bonds. Whether you need a license bond, performance bond, permit bond – or a different type of surety bond – we are here to help point you in the right direction. In this article, we'll discuss the different types of surety bonds and outline the initial process for you. Read more about surety bond basics here.

If you're only just learning about surety bonds, you may not be clear as to how they are used. There are many different industries that have a need for surety bonds. At Schmalz & Associates, we understand that surety bonds can be a perplexing topic without the proper guidance. In this article, we'll discuss some of the most common uses of a surety bond. Read more about what surety bonds are used for here.

Some of the most common surety bond questions involve cost. If you're interested in learning how much surety bonds cost, you've come to the right place! Here at Schmalz & Associates, our expert team can help you better understand the various components of surety bonds. In this article, we'll consider the four main factors that can affect your surety bond premium, including credit, finances, experience and risk. Read all about the cost of payment and permit bond here.