What can I do when logged in?

You can submit new articles, so we can make unique versions of them and distribute them for you.
If you want to simply publish the same article on 800 websites, you can tell us to do that.
You can see the archive and current status of all your article distributions.
You can order any number of high-quality articles - just let us know your keywords.
You can browse the archive of all the articles we have written for you.
You can order our Complete Service (10 high-quality articles plus 10 article distributions).
You can purchase more credits for our services and check your affiliate earnings.
Much more ...

SpinDistribute.com Article Directory

The following article was published in our article directory on February 21, 2014.
Learn more about SpinDistribute Article Distribution System.

Surety Bonds: What You Need to Know

Article Category: Business

Author Name: Gemma-Leigh Garner

Essentially, a surety bond is a form of guarantee for the project owner making an investment as well as the contractor rendering service that all will proceed according to what is stipulated in the contract that they signed. And if in case something unexpected derails the project or if any party defaults, they have a fallback to ensure that whatever they have put into the project will not be wasted .

Parties involved in surety bonds

There are three entities involved in surety bonds.

First of all, there is the principal. This is the business which buys the bond in order to make sure that the project or work will be done within the specifications indicated in the contract as well as the quality expected.

Then there is the obligee. This is the party which obligates particular businesses and professionals to get a bond. Usually, the obligee is the government agency that is tasked for regulating a certain industry.

And lastly, there is the surety. This is the agency that sells the surety bond to the project owner or principal. It then provides the financial guarantee to make sure that all the pertinent rules stipulated in the bond will be followed diligently.

Protection offered by surety bonds

There are actually various types of surety bonds available and each of them offers a certain kind of protection that is suited for particular circumstances. That is to say, certain parties are fit to have a particular type of surety bond. There is a surety bond for investors or project owners as well as a separate type for the contractor rendering service.

But generally speaking, a surety bond gives both financial and legal protection in order to shield the consumers or business people from the unreliable professionals and their sub-standard service. The bond gives a guarantee that all the contractual obligations and other professional duties will be fulfilled in accordance with the laws and regulations.

Who needs surety bonds

Now that you know what these bonds are and what they are for, the next important thing to determine is whether you are included in the list of people who are most likely to need them.

The fact is, the regulations governing surety bonds can vary greatly depending on the jurisdiction and industry wherein the business operates. So the best way to know for sure is to get in touch with the entity which granted your business license.

Generally speaking though, here are some of the professionals which mostly require surety bonds. For one, there are the auto dealers. Real estate brokers are included in the list as well. The same is true for those working in construction companies, collection agencies, health clubs and travel agencies. Auctioneers and providers of durable medical equipment are in the list, too.

If the type of business you are in is not in the list, do not worry because you can still benefit from a surety bond. There are particular types that will be suited for your circumstances.

Keywords: surety bonds

Learn more about SpinDistribute Article Distribution System. We also offer one of the Best Article Writing Services out there - give us a try if you need great articles on various topics!

SpinDistribute.com Network

Each article you submit at SpinDistribute.com is sent through our innovative Article Distribution System to our network of more than 1840 publishers - about 55% of them are high-quality article directories, 30% of them are niche blogs and 15% of them are other content-rich websites.

To achieve the best possible success we only publish your article to most related websites. This means your article will show up on approximately 640 - 880 most related websites which will give you great SEO results.

We also offer a separate Professional Article Writing Service to everyone who's looking for high quality web content and well researched unique articles.