Doing Business with Bonded Professionals
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This document discusses how surety bonds offer protection for consumers and licensed professionals. Surety bonds provide an assurance that service providers have passed a level of scrutiny and help protect consumers financially if a business goes out of business or does not fulfill its obligations. Common types of licensed professionals and businesses that are often bonded include mortgage brokers, insurance brokers, car dealerships, medical providers, and contractors.
Doing Business with Bonded Professionals
- 1. > > Doing Business with Bonded Professionals
- 2. Surety Bonds Offer . . . Protection for consumers and licensees.Assurance that service-providers have passed a level of scrutiny.
- 3. Types of BusinessesFocusing on Commercial businesses.
- 4. Trust and LegitimacyLicensed and Bonded - Marketing/PR - Just like a testimonial - Someone has approved you
- 5. For the Consumer . . .Example: You Join a Health Club. You pay $350 for the year.What happens if it goes out of business?- A surety bond can help.
- 6. Another Example from NevadaState of Nevada bond on Loan Modifications.Protect consumers from getting the run around.
- 7. Surety Bond Layer of ProtectionCompanies looking to do loan modifications now must prove their worth.
- 8. More Well-Known IndustriesMortgage Brokers -Tax Collectors
- 12. Travel Agents -and more . . .
- 13. Home Cleaners
- 14. JanitorsOur TakeawaysThis is about Trust and Legitimacy.Consumers are protected financially.Someone has said Theyre a safe bet.
- 15. Produced by the SuretyBonds.com Education Centerwww.suretybonds.com/eduwww.suretybonds.com/blog