Probate & Fiduciary Bonds quick definitions

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All Probate Bonds are underwritten with credit scores in mind.  We have companies who will consider scores lower than 650, they are a tad more expensive, but they get the job done. Most of the time an attorney would be required to maintain involvement until the matter is completed.

 

Guardianship Bond

This surety bond protects a person deemed incapacitated by the court to ensure the guardian does not abuse or neglect the ward financially or physically.

Curator Bond

A type of surety bond required by the court to guarantee the estate’s assets will not be misused, stolen or wasted. The amount varies from county to county depending on the value of the estate.

Personal Representative/ Administrator/ Executor Bond

Personal Representative Bonds (also called Administrator or Executor bonds) are a type of surety bond required after an individual’s death to administer final expenses and distribute assets.

Receiver/ Assignee Bond

The court requires this surety bond for corporations that declared bankruptcy to avoid any mishandling of any rents or payments made to the defunct company. The surety bond costs vary by jurisdiction and dependant on the value of the company’s receivables.

Trustee Bond

This surety bond is required either by the trust document itself or the court whose jurisdiction the trust is under. Surety bonds protect the trust from any losses sustained should the trustee not depose their duties as required.

Custodian of Veteran Bond

Similar to guardianship bonds, this surety bond is filed with the Department of Veterans Affairs after a veteran of a branch of the military, who has invested money with the VA, is deemed incapacitated. Surety bonds protect the veteran’s assets from being misused.

Probate/Fiduciary Bonds

Surety bonds are a protective measure in guardianship, administrator, trustee and curator actions. These fiduciary bonds vary by jurisdiction in cost and requirements.

Motor Vehicle Dealer Bonds

Motor Vehicle Dealer Bonds

Most of the time, a surety bond’s purpose is to protect a consumer against damages due to fraud, defaulting on a contract, or other negative and wrongful behaviors on the part of a business providing a service or product. In some cases, a business opts to get a surety bond to prove that they are committed to ethical behavior; however, most of the time a bond is required by a government agency in order for a business to get a license to provide those services or products.

One example of an industry that is required by law to have surety bonds in place in order for a business to obtain a license is the motor vehicle dealership industry.

A motor vehicle dealer bond, sometimes also called a DMV bond, used car dealer bond, or auto dealer bond, guarantees that the motor vehicle dealer complies with all federal laws, state laws, local laws, and tax and judgment guidelines that relate to motor vehicles. Motor Vehicle Dealer Bond

The bond also ensures that if the dealer or any of its employees commits fraud or other actions that are wrongful to the consumer, the consumer is protected from any consequence arising from those actions.

In addition to the protection that a consumer receives from a motor vehicle dealer bond, they also find peace of mind knowing that a dealership has a surety bond in place. That surety bond means that a third party bonding company has reviewed that dealership’s financial information and endorsed them as a financially stable company. And in the event that something does take a negative turn during the transaction between consumer & dealership, the bonding company can step in to make the situation better for the consumer.

Typically, dealers obtain their motor vehicle dealer bond by applying with a surety bond company. As part of the application process, the dealer provides financial documentation and agrees to submit to a credit check, so that the bond company can be sure that they are financially stable, can pay for bond premiums and cost, and are a reasonable dealership to provide a surety bond to.

A poor credit score on the record of the dealer will make getting a surety bond more difficult with many companies; however, at BFBOND.com many of our motor vehicle dealer bonds have special programs available to applicants with poor credit scores.

We’ve helped hundreds of dealerships across the nation get their surety bond quickly and without hassle, and we’d love to help you with your surety bond requirements. Call us at 800-925-1008 or apply online today.

State Requirements For Motor Vehicle Dealerships

Please note that this information is not legal advice or counsel, and consulting with your attorney as to the specific legal requirements in your state is recommended.

 ALABAMA:
    Alabama New Motor Vehicle Dealer Bond
    Alabama Used Motor Vehicle Dealer Bond
    Alabama Motor Vehicle Wholesale Dealer Bond
    Alabama Designated Agent Bond
    Alabama Designated Agent Bond
    Alabama Motor Vehicle Rebuilder / Reconditioner Bond
    Alabama Automotive Dismantler and Parts Recycler Bond
 ALASKA:
    Alaska Motor Vehicle Dealer Bond
    Alaska Motor Vehicle Buyers Agent Bond
    Alaska Motorcycle Dealer Bond
 ARIZONA:
    Arizona New Motor Vehicle Dealer Bond
    Arizona Used Motor Vehicle Dealer Bond
    Arizona Motor Vehicle Broker Bond
    Arizona Motor Vehicle Wholesale Auto Auction Bond
    Arizona Motor Vehicle Public Consignment Auction Bond
    Arizona Motor Vehicle Wholesale Dealer Bond
    Arizona Motor Vehicle Title Service Company Bond
    Arizona Motor Vehicle Automotive Recycler Bond
 ARKANSAS:
    Arkansas Motor Vehicle Dealer Bond – $25,000
    Arkansas New Motor Vehicle Dealer Bond – $50,000
    Arkansas Used Motor Vehicle Dealer Bond – $50,000
    Arkansas Motorcycle, ATV, Lessor or Scooter Dealer Bond
 CALIFORNIA:
    California Motor Vehicle Dealer Bond
    California Motor Vehicle Performance Bond
    California Motor Vehicle Wholesale-Only Dealer (Less Than 25 Vehicles) Bond
    California Motor Vehicle Commercial Requestor Account Bond
    California Motor Vehicle Remanufacturer Bond
    California Motor Vehicle Verifier Bond
    California Motorcycle Dealer Bond
    California Motorcycle Lessor – Retailer Bond
    California Motorcycle Wholesale Dealer Bond
    California All Terrain vehicle Dealer Bond
    California DMV Business Partner Automation Bond – $10,000
    California DMV Business Partner Automation Bond – $50,000
    California Vehicle Registration Service Bond – $5,000
    California Vehicle Registration Service Bond – $25,000
 COLORADO:
    Colorado New Motor Vehicle Dealer Bond
    Colorado Used Motor Vehicle Dealer Bond
    Colorado Motor Vehicle Wholesaler Bond
    Colorado Motor Vehicle Wholesale Auction Dealer Bond
    Colorado Motor Vehicle Reistration Service Bond
    Colorado Motor Vehicle Buyer Agent Bond
    Colorado Motor Vehicle Salesperson Bond
    Colorado Motor Vehicle Wrecker Bond
    Colorado New Powersports Vehicle Dealer Bond
    Colorado Used Powersports Vehicle Dealer Bond
    Colorado Powersports Vehicle Salesperson Bond
 CONNECTICUT:
    Connecticut New Motor Vehicle Dealer Bond
    Connecticut Used Motor Vehicle Dealer Bond
    Connecticut Motor Vehicle Leasing or Rental Company Bond
    Connecticut Motor Vehicle Registration Issuance Bond
    Connecticut Motor Vehicle Limited Repairer Bond
    Connecticut Motor Vehicle Limited Repairer Bond
 DELAWARE:
    Delaware Motor Vehicle Dealer Bond
    Delaware Motor Vehicle Sales Finance Company Bond
 FLORIDA:
    Florida New Motor Vehicle Dealer Bond
    Florida Used Motor Vehicle Dealer Bond
    Florida Motor Vehicle Wholesale Dealer Bond
    Florida Motor Vehicle Auction Dealer Bond
    Florida Motor Vehicle Salvage Dealer Bond
    Florida Motor Vehicle Service Facility Bond
 GEORGIA:
    Georgia New Motor Vehicle Dealer Bond
    Georgia Used Motor Vehicle Dealer Bond
    Georgia Used Parts Dealer Bond
    Georgia Motor Vehicle Tag Service Company Bond
 HAWAII:
    Hawaii New Motor Vehicle Dealer Bond – $50,000
    Hawaii New Motor Vehicle Dealer Bond – $200,000
    Hawaii Used Motor Vehicle Dealer Bond – $25,000
    Hawaii Used Motor Vehicle Dealer Bond – $100,000
    Hawaii Motorcycle and Scooter Dealer Bond
    Hawaii Motor Vehicle Salvage Repair Bond
 IDAHO:
    Idaho New Motor Vehicle Dealer Bond
    Idaho Motorcycle Dealer Bond
    Idaho ATV, Truck Camper and Snow Machine Dealer Bond
 ILLINOIS:
    Illinois Motor Vehicle Dealer Bond
    Illinois Motor Vehicle Second Installment Bond
    Illinois Motor Vehicle Broker Bond
 INDIANA:
    Indiana Motor Vehicle Dealer Bond
    Indiana Motor Vehicle Wholesale Dealer Bond
    Indiana Motor Vehicle Transfer Dealer Bond
    Indiana Automobile Auctioneer Bond
    Indiana Motor Vehicle Merchandising Bond
    Indiana Motor Vehicle Distributor Bond
    Indiana Motor Vehicle Distributor Branch Bond
    Indiana Motor Vehicle Distributor Representative Bond
    Indiana Motor Vehicle Factory Representative Bond
    Indiana Motor Vehicle Manufacturer Bond
    Indiana Motor Research and Development Bond
 IOWA:
    Iowa Motor Vehicle Dealer Bond
 KANSAS:
    Kansas Motor Vehicle Dealer Bond
 KENTUCKY:
    Kentucky Motor Vehicle Dealer Bond
 LOUISIANA:
    Louisiana New Motor Vehicle Dealer Bond
    Louisiana Used Motor Vehicle Dealer Bond
    Louisiana Recreational Vehicle Dealer Bond
    Louisiana Motor Vehicle Inspection Station Bond
 MAINE:
    Maine Motor Vehicle Dealer Bond
 MARYLAND:
    Maryland New Motor Vehicle Dealer Bond
    Maryland Used Motor Vehicle Dealer Bond
    Maryland Wholesale Motor Vehicle Dealer Bond
    Maryland Motor Vehicle Information Requestor / Vehicle Records Bond
    Maryland Automobile Insurance Funds Producer Bond
    Maryland Title Service Bond
    Maryland Title Insurance Settlement Agent Bond
 MASSACHUSETTS:
    Massachusetts Motor Vehicle Dealer Bond
    Massachusetts Motor Vehicle Secondhand Dealer Bond
    Massachusetts Auto Body Shop Bond
 MICHIGAN:
    Michigan New Motor Vehicle Dealer Bond
    Michigan Used Motor Vehicle Dealer Bond
    Michigan Motor Vehicle Broker Bond
 MINNESOTA:
    Minnesota New Motor Vehicle Dealer Bond
    Minnesota Used Motor Vehicle Dealer Bond
    Minnesota Motor Vehicle Lessor Bond
    Minnesota Motor Vehicle Broker Bond
    Minnesota Motor Vehicle Wholesale Dealer Bond
    Minnesota Motor Vehicle Auction Bond
    Minnesota Motor Vehicle Parts and Scrap Metal Bond
    Minnesota Boat Dealer Bond
 MISSISSIPPI:
    Mississippi Motor Vehicle Dealer Bond
    Mississippi Motor Vehicle Specialty Dealer Bond
    Mississippi Motor Vehicle Designated Agent Bond – $5,000
    Mississippi Motor Vehicle Designated Agent Bond – $15,000
    Mississippi Motor Vehicle Auctioneer Bond
    Mississippi Motor Vehicle Auctioneer Bond
    Mississippi Motor Vehicle Bus & RV Dealer Bond
    Mississippi Motorcycle Dealer Bond
    Mississippi Used Auto and Parts Bond
    Mississippi Inspection Station Bond
 MISSOURI:
    Missouri Motor Vehicle Dealer Bond
    Missouri Motor Vehicle Service Contract Provider Bond
 MONTANA:
    Montana Motor Vehicle Dealer Bond
    Montana Motor Vehicle brokers Bond
    Montana Motor Vehicle Wholesalers Bond
    Montana Motor Vehicle Auction Bond
    Montana Motorboat and Personal Watercraft Dealer Bond
    Montana Snowmobile and ATV Dealer Bond
 NEBRASKA:
    Nebraska Motor Vehicle Dealer Bond
    Nebraska Motor Vehicle Auction Dealer Bond
    Nebraska Motorcycle Dealer Bond
    Nebraska Motor Vehicle Trailer Dealer Bond
 NEVADA:
    Nevada Motor Vehicle Dealer Bond
    Nevada Motor Vehicle Broker Bond
    Nevada Motor Vehicle Lessor Bond
    Nevada Motorcycle Vehicle Dealer Bond
    Nevada Motor Vehicle Trailer Dealer Bond – $10,000
    Nevada Motor Vehicle Trailer Dealer Bond – $50,000
    Nevada Motor Vehicle Distributor Bond
    Nevada Motor Vehicle Manufacturer Bond
    Nevada Motor Vehicle Transporter Bond
    Nevada Motor Vehicle Wrecker Bond
    Nevada Motor Vehicle Rebuilder Bond
    Nevada Motor Vehicle Salvage Pool Bond
    Nevada Motor Vehicle Damage Appraiser Bond
    Nevada Motor Vehicle Body Shop Bond
    Nevada Motor Vehicle Class A Body Shop Bond
    Nevada Motor Vehicle Emissions Inspection Station Bond
    Nevada Title Agent / Title Insurer Bond
 NEW HAMPSHIRE:
    New Hampshire Motor Vehicle Dealer Bond – $10,000
    New Hampshire Motor Vehicle Dealer Bond – $15,000
    New Hampshire Motor Vehicle Dealer Bond – $20,000
    New Hampshire Motor Vehicle Dealer Bond – $25,000
    New Hampshire Motor Vehicle Dealer Association Bond – $100,000
 NEW JERSEY:
    New Jersey New Motor Vehicle Dealer Bond
    New Jersey Used Motor Vehicle Dealer Bond
    New Jersey Motor Vehicle Lessor Bond
 NEW MEXICO:
    New Mexico Motor Vehicle Dealer Bond – $25,000
    New Mexico Motor Vehicle Dealer Bond – $50,000
    New Mexico Motorcycle Dealer Bond
    New Mexico Motor Vehicle Dismantler Bond
    New Mexico Motor Auto Recycler Bond
    New Mexico VIN Inspector Bond
    New Mexico Motor Vehicle Inspection Station Bond
    New Mexico Title Service Company Bond
 NEW YORK:
    New York Motor Vehicle Dealer Bond – $10,000
    New York Motor Vehicle Dealer Bond – $25,000
    New York Motor Vehicle Dealer Bond – $50,000
    New York Motor Vehicle Broker Business Bond – $75,000
 NORTH CAROLINA:
    North Carolina New Motor Vehicle Dealer Bond – $25,000
    North Carolina Used Motor Vehicle Dealer Bond – $25,000
    North Carolina New Motor Vehicle Dealer Bond – $50,000
    North Carolina Used Motor Vehicle Dealer Bond – $50,000
 NORTH DAKOTA:
    North Dakota New Motor Vehicle Dealer Bond
    North Dakota Used Motor Vehicle Dealer Bond
    North Dakota Motorcycle Dealer Bond
    North Dakota Motor Vehicle Trailer Dealer Bond
 OHIO:
    Ohio Motor Vehicle Dealer Bond – $25,000
    Ohio Motor Vehicle Dealer Bond – $30,000
    Ohio Motor Vehicle Dealer Bond – $100,000
 OKLAHOMA:
    Oklahoma Motor Vehicle Dealer Bond – $25,000
    Oklahoma Motor Vehicle Dealer Bond – $50,000
    Oklahoma Used Motor Vehicle Dealer Bond – $15,000
    Oklahoma Motor Vehicle Auction Dealer Bond
    Oklahoma Motor Vehicle Non-Auction Consignment Dealer Bond
    Oklahoma Motor Vehicle Salesperson Bond
 OREGON:
    Oregon Motor Vehicle Dealer Bond
    Oregon Motorcycle Dealer Bond
    Oregon Motor Vehicle Wrecker Dismantler Bond
    Oregon Motor Vehicle Rebuilder Bond
 PENNSYLVANIA:
    Pennsylvania Motor Vehicle Dealer Bond
    Pennsylvania Motor Vehicle Department Full Agent Bond
    Pennsylvania Card Agent Bond
    Pennsylvania Motor Vehicle Messenger Service Bond
    Pennsylvania Motor Vehicle Salvor Bond
    Pennsylvania Motor Vehicle Sales Finance Bond
    Pennsylvania Motor Vehicle Manufacturer Bond
 RHODE ISLAND:
    Rhode Island Motor Vehicle Dealer Bond
 SOUTH CAROLINA:
    South Carolina New Motor Vehicle Dealer Bond
    South Carolina Used Motor Vehicle Dealer Bond
    South Carolina Motor Vehicle Wholesale Dealer Bond
    South Carolina Motorcycle Dealer Bond
    South Carolina Motorcycle Wholesaler Bond
    South Carolina Travel trailer Dealer Bond
 SOUTH DAKOTA:
    South Dakota New Motor Vehicle Dealer Bond
    South Dakota Used Motor Vehicle Dealer Bond
    South Dakota Motor Vehicle Dealer Car Auction Agency Bond
    South Dakota Motorcycle Dealer Bond
    South Dakota Snowmobile Dealer Bond
    South Dakota New Boat Dealer Bond
    South Dakota Used Boat Dealer Bond
    South Dakota Trailer Dealer Bond
 TENNESSEE:
    Tennessee New Motor Vehicle Dealer Bond
    Tennessee Used Motor Vehicle Dealer Bond
    Tennessee Motor Vehicle Auction Dealer Bond
    Tennessee Motorcycle Dealer Bond
    Tennessee Recreational Vehicle Dealer Bond
 TEXAS:
    Texas Motor Vehicle Dealer Bond
    Texas Motor Vehicle Inspector Bond
    Texas Motor Vehicle Inspection Station Bond
 UTAH:
    Utah New Motor Vehicle Dealer Bond
    Utah Used Motor Vehicle Dealer Bond
    Utah Motorcycle Dealer Bond
    Utah Motor Vehicle Crusher Bond
    Utah Motor Vehicle Body Shop Bond
 VERMONT:
    Vermont Motor Vehicle Dealer Bond
 VIRGINIA:
    Vermont Motor Vehicle Dealer Bond
    Virginia Motorcycle, Trailer or T&M Vehicle Dealer Bond
 WASHINGTON:
    Washington New Motor Vehicle Dealer Bond
    Washington Used Motor Vehicle Dealer Bond
    Washington Motorcycle Dealer Bond
    Washington Motor Vehicle Wrecker Bond
 WASHINGTON DC:
    Washington DC Motor Vehicle Dealer Bond
    Washington DC Used Car Lot Bond
 WEST VIRGINIA:
    West Virginia Motor Vehicle Dealer Bond – $10,000
    West Virginia Motor Vehicle Dealer Bond – $25,000
    West Virginia Auto Auction Dealer Bond
    West Virginia Motorcycle Dealer Bond
    West Virginia Motor Vehicle License Service Bond
    West Virginia Motor Vehicle Wrecker Bond
    West Virginia Motor Vehicle Dismantler Bond
    West Virginia Recreational Vehicle Dealer Bond
    West Virginia Trailer Dealer Bond
 WISCONSIN:
    Wisconsin New Motor Vehicle Dealer Bond
    Wisconsin Used Motor Vehicle Dealer Bond
    Wisconsin Motor Vehicle Wholesaler Bond
    Wisconsin Used Motor Vehicle Wholesaler Bond
    Wisconsin Motor Vehicle Auction Dealer Bond
    Wisconsin Motorcycle Dealer Bond
    Wisconsin Used Motorcycle Dealer Bond
    Wisconsin Motor Vehicle Salvage Dealer Bond
    Wisconsin Motor Vehicle Salesperson Bond
 WYOMING:
    Wyoming Motor Vehicle Dealer Bond

New & Used Car Dealer Bond

  • How much does an auto dealer surety bond cost?
  • The cost is a percentage of the bond amount. You can call us for a ball park estimate. If you want an exact price, you can fill out a dealer license bond application and get a free bond quote online.
    • Can I get auto dealer surety bonds with bad credit?
    • Yes. We have great high risk markets and can get you approved regardless for a new & used car dealers bond with bad credit. To learn more, visit our bad credit bond general information page.
      • How long does the application take?
      • We approve auto dealer bonds instantly online. The application process takes only minutes. You can get a no obligation online quote on our website at any time.
      • My friend is an auto dealer. Will my dealership bond cost the same?
        • It is possible, but the rates vary based on the estimated risk of the dealership and their ability to repay claims. Therefore, your pricing could be lower or higher depending on your risk compared to the other dealer. The only way to find out is to get an online quote.
        • How does a motor vehicle dealer surety bond protect my dealership?
        • It doesn’t. MVD bonds protect the public from auto dealer fraud. A claim on your bond must ultimately be paid back by the dealer to the bonding company. You need to obtain insurance to protect your dealership.
        • Do I need an auto dealers bond for selling mobile homes?
        • Most likely. Many states require you to obtain dealer surety bonds to sell various types of mobile homes, including RV’s, manufactured homes and modular homes. However, every state has their own bond requirements; take a look at our state bond requirements below.
        • Do I need new and used car dealer bonds for selling new & used vehicles
        • Usually, no. One car dealer surety bond generally covers both new and used vehicle dealers. However, auto dealer bond requirements vary by state. Take a look at our state bond requirement list below, or contact your state directly to determine its requirements.
        • Does a DMV surety bond differ from car dealer insurance?
        • Yes. Bonds are a form of credit to dealers and insurance for the public. They guarantee that an auto dealer will not break state laws. Should they break laws and cause a claim on the bond, the auto dealer is responsible for any damages. Auto dealer insurance protects the dealer from loss, not the public.

        Auto Dealer Bond Cost

        Costs vary by bond size, applicant, bond form, state and the bond agency chosen. BF Bond only reviews the personal credit of the owners. This is made possible by our large volume of business, which provides sureties “safety in numbers” allowing less scrutiny in the guidelines. Nearly all other bond agencies will review business and personal financials, experience, bank balances and years in business, in addition to personal credit. Use our tool and get a ballpark estimate, or apply to get approved instantly online.

      What Is A Dealer Bond?

      It is a guarantee that vehicle dealers will follow the regulations of their state, and is usually required to obtain a license. Watch our video on this page “How To Get An Auto Dealer License” to learn how to get a license.

    Get A Bad Credit Dealer Surety Bond

    We have access to high risk programs, many of which are exclusive to us, allowing individuals with bad credit to get approved. However, the price will be significantly higher compared to standard markets. Should you choose to use another bond agency, they will likely broker the bond through us, increasing costs and time.

Get The Auto Dealer License Bond You Need

A retail dealer bond allows you to sell vehicles to the public and other dealers/wholesalers. A wholesale dealer bond only allows you to sell vehicles to other dealers and wholesalers.

A used auto dealer bond applies to both retail and wholesale dealers, and only one bond is needed to sell new and used vehicles. Whichever type you need, you can apply online for all dealer license bonds and get an instant approval. You can also view our state bond requirement list below.

Definition: A license bond guaranteeing motor vehicle dealers follow the rules of the DMV in their respective states. The bond is required of new and used car dealers, as well as mobile home dealers to obtain their license.

Contact:

Jose Ward

800-925-1008 ext 110

JW@bfbond.com

Georgia Title Bonds

Image of customer getting a Georgia Title Bond

Fast Georgia Title Bonds!

Instantly download to your desktop immediately!

Our program gets your Georgia title bond to you the quickest and least expensive way on the net.
For over 65 years, we are your Georgia Car, Auto, Truck and Mobile Home Title Bond company!

We issue title bonds in Georgia for individuals, used car dealers, mechanics, mobile home foreclosure attorneys and for people moving to Georgia from other states.

Our program for title bonds provides you with the fastest way to get bonded. No more complicated applications! We have easy credit card payments, no hidden fees and we have the lowest bond rates available.

Title bond
packages are $100 for vehicles $6,600 or less, no overnight waiting or missed shipping. The bond is delivered right to your computer. Print, sign and submit to the DMV, It’s that simple and that quick. Bond rates increase $15 per $1,000 for vehicles more than $6,600.

You can apply online, within minutes and the Georgia Title Bond arrives in your email, fully executed by the surety company!

Apply Now Button

For more information about Georgia Title Bonds Call us at 800-921-1008 and receive friendly and fast answers to your questions.

Bid & Performance Surety Bonds

bid-bond-image-1

Call us today at 800-921-1008 for a quick free quote or more information.

We at Bernard Fleischer & Sons (www.BFBOND.com) offer surety bonds and we are proud of our long history of excellent customer service. We take a comprehensive approach to your surety needs, looking for ways to help you grow your business. We strive to find ways to help contractors get the surety credit they need. We offer the following surety bond services:

Bid Bonds
A guarantee that the contractor will enter into a contract, if it is awarded to him, and furnish a contract bond (sometimes called “performance bond”) as is required by the terms of the contract.

Payment Bonds
A bond to assure payment of a contractor’s obligations to its subcontractor’s and suppliers. Payment bonds are usually required on public works projects and often required on private projects.

Mortgage Broker Bonds
Mortgage Broker bonds legally provide mortgages to home owners. To qualify you must complete an application and have a credit score that qualifies.

Performance Bonds 
Performance Bonds guarantee performance of the terms of a written contract. Performance Bonds often, but not always, incorporate payment bond and maintenance bond liability.

Surety Bonds

Surety Bonds
We offer a variety of surety bonds to our commercial customers, including:

  • Contract/construction surety – These include performance or payment bonds, which are required of contractors performing any project funded by federal, state or municipal entities.

  • Commercial surety – Examples of commercial surety are license, permit, probate or court bonds, which may be required if you operate under local, state or federal license.
  • Fidelity bonds – These protect employers against acts of employee dishonesty, and provide coverage above and beyond the limits of most package products. We also offer a commercial crime bond, which covers losses from burglary, robbery and depositor’s forgery

New York City Employment Agency Bond – $5,000 (2 years) NO Credit check

employment-agency-bondsWith our Surety Companies you are guaranteed approved for the $5,000 New York City Employment Agency Bond required by the NYC Department of Consumer Affairs.

The New York City Employment Agency Bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal.  These bonds hold you accountable for your business decisions.

By possessing a New York City Employment Agency Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.

 

ALL NYC Dept of Consumer Affairs EMPLOYMENT AGENCY BONDS EXPIRE ON 05/01 EVERY EVEN YEAR

Employment Agency Bond

An employment agency bond is similar to a private employment agency bond, except that the agency is usually much bigger. The bond is a form of insurance that the agency purchases to guarantee to their clients their financial stability and legal compliance. Examples of employment agencies include temp agencies, sites like Monster or Career Builder, and more. These agencies seek to match potential employees with companies

Before employment agencies purchase a bond from an agency, they must submit themselves to a credit check, have their application approved, and go through other screening processes. WE represent Surety Companies, who do not run credit check, it’s a hassle free process.

At Bernard Fleischer and Sons,  Bonding is prepared to help Employment Agencies  purchase The employment agency bonds . Call us @ 800-921-1008 for a free quote, knowledgeable staff, and friendly customer service. Get started now!

William G. Fleischer, CIC
President
29 Broadway, Suite 1511
New York NY 10006
212 566-1881 ext 111
wfleischer@bfbond.com
www.bfbond.com
 

 

Employment agency Bond, who does it protect?

employment

Who is protected under this Bond?

Consumers of the employment agency who have enlisted their services. The bond shall be for the benefit of any person or persons damaged by any violation of this title or by fraud, dishonesty, misstatement, misrepresentation, deceit, unlawful acts or omissions, or failure to provide the services of the employment agency in performance of the contract with the job seeker, employment agency of its agents, representatives, or employees while acting within the scope of their employment. Click here for EZ employment Bond application

Underwriting Process

The Employment Agency Bond is underwritten based on a personal credit check of the business owner(s) for some bonding companies.  We represent Surety Companies who do not run Credit checks In the event the personal credit does not meet the minimum threshold for a standard approval, the premium rate may be elevated. Upon approval for the bond, the original signed application must be forwarded to our office.

Employment Agency info: NYC Department of Consumer Affairs

For more information visit us at bfbond.com, call 1.800.921.1008 or email jw@bfbond.com