PDA

View Full Version : Becoming Bonded


ncbcyw
Oct 1, 2007, 05:34 PM
How do I found out the amount that I can be bonded for?

RichardBondMan
Oct 6, 2007, 05:22 PM
Bonded for what? I could write you a $10,000.00 contractors bond for the City of Mobile if you were wanting to do contracting in Mobile, AL or if you wanted to be a Notary in AL I oculd also write you a $10,000.00 notary bond. There are many different types of bonds but they fall into two main types 1) surety and 2) fidelity ----------- surety bonds first have to be required by either a govt entity or the owner of a construction job site and in those cases, they both will tell you how much bond you have to post - you can't simply want to be bonded, it has to be required by law depending on what you want a license/permit to do and/or by the contract that youv'e signed to do construction work. In the case of fidelity bonds, those are bought by companies that want to make sure there is money to pay for acts of dishonest employees. So tell us more about what you need, who is requiring the bond. etc.

Fr_Chuck
Oct 6, 2007, 05:58 PM
Maybe it's a "bail" bond