A surety bond service is a three-party guarantee put in place to protect the party requesting the bond.
The surety provides a financial guarantee to the obligee (i.e. government) that the principal (business owner) will fulfill their obligations.
One of our specialties is that we offer discounts on Wholesale and Retail Car Dealer Bonds. Click here for a surety bond service quote RIGHT NOW!
Just to name a few: Motor Vehicle Dealer Bonds (includes Wholesale, Retail, and Auto Broker), Motorcycle Dealer Bonds, Used RV Dealers, Used Truck Dealers, Car Wash Bonds, Vehicle Registration Service Bonds, Defective Title Bonds, Freight Broker Bonds, California Immigration Consultant Bonds, Artisan Contractor Bonds, and plenty of other.
Surety bond premiums vary due to a variety of reasons but let me lay out the most common here for you. The Credit Score of the owner/member/CEO, etc is probably the most important, regardless of what type of surety bond you need. Real Estate ownership is usually next on the list but if you have negative equity in the property, it may not work to reduce your bond premium.
Although Transunion and Nexus Lexis have extremely thorough credit reports, most surety bond companies are using Experian reports to establish their rating. The Equifax credit report was never really utilized by carriers but now since their data breach a few years ago, none of the carriers that we write bonds for use their service in any capacity.
Cal-Surety bond services of California is top rated and we provide best customer care and fast bond application process to clients to make their experience with Cal-Surety.com smooth and perfect. You can get a FREE quote related to our surety bond services right now from (866) 357-4405
As a company, Cal-Surety has made an effort to stay in our specific niches where we believe that we have the biggest advantage against our competition. Cal-Surety can help you place various types of business surety insurance like Used Car Dealer or Fleet Insurance.
On the personal insurance side, we can help you place your Home Owner Insurance to protect your most valuable asset.
The short answer is that as of April of 2018, the California DMV does not currently require insurance from their licensed used car dealers. On the surface, many dealers like this because it allows them to operate with a reduced expense load. On the other hand, they tend to change their tune when they are hit by an uninsured motorist or have a claim with an uninsured car dealer. That said, Cal-Surety can assist you TODAY!
The YCDB Marketing Team can help today! Our experts can create and implement effective marketing strategies specifically for your business. By identifying and evaluating strategic marking opportunities, your business will be sure to succeed. We created a free series that can be found by Googling the term: 2018 YCDB Quicktips Series and you will see a library of great information to help train you and your staff to increase sales while reducing your overhead!
Paul Galvez from Southern California said that YCDB made this bond process quick and easy. Very professional and got me the best deal!”
Cal-Surety Insurance Services and Your Car Dealer Bond are one surety agent.
In response to the necessity of our customers to expand our bond-type transactions beyond the motor vehicle dealer industry, the owners of YCDB formed Cal-Surety and Insurance Services.
“Cal-Surety” communicates a more generalized name that empowers us to offer a diverse range of bonds for business owners requesting bonds unrelated to the auto industry. One of our really big hitters right now are the $100,000 California Immigration Consultant Bonds! Our payment plans and low premiums are really helpful when all small business owners are just trying to save a buck!
TO INFINITY AND THE BOND!