What is a bond??
We specialize in auto dealer insurance. Dealers must be bonded to be licensed. The best description and explanation of the required surety bond can be found on the Oregon DMV's website. https://www.dmv.org/buy-sell/car-dealers/surety-bonds.php so I will not repeat it here.
What is a bond and what does being bonded mean?
Being bonded gives issuers the ability to leverage business growth. With the increased stature of having the insurer’s credit rating, a business can feel safer in taking risks to improve and grow the business. This is especially true in the construction and financial industries.
A bonded business can obtain unbiased criticism from a credit professional and seek advice in underwriting projects.
Some bonds we handle include, but are not limited to, the following:
- Contract performance bonds
- Bid bonds
- Maintenance bonds
- Payment bonds
- Supply bonds
- License and permit bonds
- Miscellaneous bonds
Get started today!
Contact us today, and we can answer any questions you have about bond insurance.