Why You Should Ask If Your Contractor Has A Surety Bond

August 30, 2009

When you need something fixed, do you just point and pick one out of the local yellow pages book? If you make a few calls, be sure to ask if your hired helper or company has a surety bond. Doing this is one step you can take to pre-qualify the person or company that will do your repairs or work. In order to be bonded and get their surety bond, the person or business must provide proof of good credit, trustworthiness, good financial reports, and that they are reliable. It will provide some protection to the consumer against poor workmanship, fraud, shoddy products and non-performance.

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Filed Under Finances, News