BondsWith so many reported burglaries and “stranger danger” scares in the news, many people feel very uneasy about letting strangers into their homes. However, electricians, plumbers and contractors — among others — must enter the home in order to perform their jobs. While word of mouth referrals may help customers feel at ease in terms of the professionalism of a business, a surety bond can help give customers the peace of mind of knowing that the money they invest in a project will lead to delivered results.

What does this mean? If you signed a contract to remodel a family’s kitchen, they will expect the job to be completed as agreed upon. If your business breaches the contract or goes bankrupt mid-project, you could be in big trouble. However, being bonded can help sort out similar dire situations.

A bond is essentially a guarantee that the job will get done according to expectations as detailed in the contract. If something goes awry, the bond insurer is there to cover any necessary expenses for the project to be completed.

In fact, bonds are so vital for establishing a trusting relationship between business and customer that many construction professionals are required to purchase a bond before they can obtain a business license. This helps limit the industry to trustworthy professionals, which is beneficial to property owners.

What type of bond does your business need? There are many types available, each designed to serve a specific occupation. Speak with your independent insurance agent to determine the right coverage for your needs.

Prove your professionalism to potential customers. Call Red Gorman Insurance at (214) 374-9997 for more information on Dallas bonds.
Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive

View Mobile Version

Contact Us Today!