In regards to purchasing a surety bond to replace a lost stock certificate, usually 2% of the face value of the certificate in question. I.E. if the shares are worth $30,000, a surety bond would cost $600.
You can apply for a Motor Vehicle Dealer bond through your local insurance agent or on the internet. You can run a seach for motor vehicle dear bond.Your Motor Vehicle Dealer License Bond cost is directly related to your credit and experience rates can start as low as $250 and go as high as $5000. You should know that unlike insurance, not all surety applicants can be bonded.Read more: How_much_25000_surety_bond
The cost of a performance bond is based on several factors. The cost of the bond is based on its face value, expected length of project, capability and expertise of the principal (the party purchasing the bond), and the creditworthiness and liquid assets of the principal are all contributing factors. There is no standard rate for a performance bond, although surety companies have set rates per thousand of coverage by type of bond from which they may take a deviation based on the nature of the risk to be considered. In addition to the bond premium, collateral may be required to be posted. Mark Walters West Insurance Group firstname.lastname@example.org
Collateral or cash bond (actual cash posted or pledged) -Surety or Bail bond where the bond is furnished by a third party who (usually for a fee) pledges their own assets to cover the cost - and,Property bond where assets (e.g.: property - business - vehicle - anything of value which can be converted to cash) is liened by the court for the defendant's release.
They generally will buy it if the job being proffered is big enough to warrant a bond or if the client is willing to pay for it. Surety bonds are typically required only on very large multimillion dollar projects. but there are many reasons a contractor may not want to buy a bond. 1. Most reputable contractors already carry adequate General Liability insurance for their scope of operations. 2. Surety Bonds are not cheap and if you've already beat the contractor up on the bid price, there may be no room for profit left unless your willing to eat the cost of the surety bond. 3. The contractor may already have plenty of work lined up and may just not want to be inconvenienced with the trouble of obtaining a surety bond for just one potential customer. That could be taking him out of his comfort zone if he's never had that request before and if he already has plenty of work, he may just pass on your job. 4. Persons who have defaulted on surety bonds in the past may no longer qualify for bonding. 6. Persons convicted of certain legal offences may not be bondable. I'm sure there are other reasons as well that a contractor may not wish to purchase a bond.
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