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Our Bond Quoting System Can Accommodate Most Bonds.
The bonds we see most commonly purchased by Mr. Electric® Franchisees:
- Third Party Crime Bond - A Third Party Crime or Fidelity Surety Bond is used to protect the assets of a company other than your own. The Third Party Crime or Fidelity Surety Bond is typically required as part of a service contract when your employees are entering/working on the premises of another business.
- Bid Bonds- A bid bond is a debt secured by a bidder for a construction job, or similar type of bid-based selection process, for the purpose of providing a guarantee to the project owner that the bidder will take on the job if selected.
- Surety Bonds - A surety bond is simply an agreement between three parties: Principal, Surety and Obligee. ... If the principal fails to meet their agreed upon obligations with the obligee, the surety may be required to resolve the dispute by paying a claim to the obligee.
- License & Permit Bonds - License and permit bonds are a type of surety bond, sometimes referred to as 'commercial bonds' or simply 'license bonds'. ... A license and permit bond guarantees that a business will operate in accordance with federal, state, or local laws and regulations.
