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1). Commercial Surety Bonds: Getting The Best Rate (Part 1 of 2) By : Michael Weisbrot
There is a great range in rates for commercial surety bonds these days. Principals can see premiums range from 1-15% of the amount of the bond. Even a small bond at 15% can be extremely costly. In part 1 of 2 of this article, we will review what bonding companies look at when deciding a rate. Part 2 of this article will discuss what you can do to better your situation to make sure you are at the bonding companies lowest tier rating.
Article Related to: surety, bond, insurance, rate, commercial bond, bonding companies, company, risk, financial, business financial statement, personal credit
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