What is the DMV Defective Title / Certificate of Title Bond?
Posted: July 17, 2024
Navigating the California DMV Defective Title / Certificate of Title Bond If you find yourself in a situation where you’re unable to obtain a clear title for a vehicle in California, the DMV Defective Title Bond, also known as a Certificate of Title Bond, could be your solution. This bond serves as a safeguard in cases where there are issues with the vehicle’s title documentation....
$100,000 Arizona Motor Vehicle Dealer Bond
Posted: July 17, 2024
Why You Need a $100,000 Arizona Motor Vehicle Dealer Bond If you plan or have an existing motor vehicle dealership in Arizona, getting a $100,000 motor vehicle dealer bond is a must. It’s not just a piece of paperwork—it’s a promise to your customers and the state that you’ll operate your dealership ethically and responsibly. What’s It For? Think of the bond as a safety...
ICC Broker Bond (Form BMC-84) - $75,000
Posted: July 16, 2024
Understanding the ICC Broker Bond (Form BMC-84) - $75,000 Whether you’re already in the freight brokerage industry or just starting out, securing an ICC Broker Bond (Form BMC-84) is your key to thriving in the competitive world of transportation logistics. What is the ICC Broker Bond (Form BMC-84)? The ICC Broker Bond, or BMC-84, is like a safety net for your customers and carriers. It’s...
LLC Employee/Worker Bond in California
Posted: July 16, 2024
Why You Need a $100,000 LLC Employee/Worker Bond in California If you’re running an LLC in California, you’ll encounter the requirement for a $100,000 employee/worker bond. This bond isn’t just paperwork—it’s a safety net for your employees and a legal necessity. What's It For? Think of the bond as insurance. It guarantees that your LLC will meet its obligations to employees, like paying wages on...
How much is a 1 million bid bond?
Posted: January 25, 2024
The cost of a $1 million bid bond can vary depending on several factors, primarily influenced by the bonding company's policies and the specific details of the project. Bid bond costs are typically expressed as a percentage of the total bid amount, and the percentage can range from 1% to 5% or more. Considering a $1 million bid bond: Percentage Rate: The bid bond cost...
