Commercial Bonds
In addition to a performance bond, Oakland Companies can provide you a license and permit bond, or any customized commercial bond.
Commercial bonds, also known as non-contract, license/permit or miscellaneous surety bonds, are generally required by local or state laws/statues to legally operate a business. A commercial surety bond is not an insurance policy, it is a guarantee, a form of credit. What it guarantees depends on the language in the bond. Commercial surety bonds are not usually difficult to obtain if you know what you need. Oakland Companies can help get you the right commercial surety bond.
At Oakland Companies, we specialize in providing both large and small businesses with the following commercial and contract bonds:
- Auto Dealer Bond - An auto dealer bond provides assurance to the public that the dealer will comply with the law.
- Collection Agency Bond - A collection agency bond guarantees the proper accounting of funds received by collection agencies.
- Fiduciary Bond - A fiduciary bond, also known as a probate or estate bond, guarantees the executor will properly distribute the deceased’s assets.
- Performance Bond – A performance bond guarantees the performance of contractually agreed upon work.
- Bid Bond – A bid bond guarantees the beginning of work following the winning of a bid.
- Lost Title Bond – A lost title bond is required as proof to the DMV is your title has been lost or misplaced.
- License Bond –A license bond is a bond guaranteed to a state or federal agency.
- And more…
There are many reasons why commercial bonds are required. There are thousands of different types of bonds and a variety of items that may be required to obtain the bond. Oakland Companies can provide the guidance needed to obtain the required commercial surety bond. Let our expert staff and knowledgeable agents help you make your job easier.
To learn more about your commercial surety bond options, give us a call at 877.312.2920 or fill out the form on this page.