Surety Bond Blog

Please read and comment on our blog about a wide variety of surety bond topics. Please feel free to ask us any questions.

 

July 22nd, 2018 by All State Bonds

Why Do You Need a Used Car Dealer Bond?

Used car dealer surety bond also known as DMV bond, motor vehicle dealer bond, car dealer bond is required by the State to obtain a dealership license so you can conduct business in that State.. Auto dealer bond does not protect the used car dealer from lawsuits, Your will need Dealer Garage Insurance to protect your dealership from claims and lawsuits, but Surety Bond protects the consumer from any fraud or misrepresentation by the car dealer. Auto Dealer Bond guarantee compliance... Read Article

Purpose of Buying Surety Bond for Auto Dealers.

Surety Bonds for Vehicle Dealers Auto dealers in most states must file a surety bond with the state’s Department of Motor Vehicles (DMV) before they can receive their auto dealer license. Unfortunately, purchasing an auto dealer bond can be one of the most confusing parts of getting a dealer license. That’s why we developed the following comprehensive guide to auto dealer bonding. Surety bonds are... Read Article

Freight Broker Bond – BMC-84

Freight Broker Bond BMC-84, is required by FMCSA ( Federal Motor Carrier safety Administration) for all companies providing brokerage or freight forwarding services. As of October 1, 2013 FMCSA increased the minimum financial responsibility to $75,000 freight broker bond, also know as a MBC-84. Formerly known as the Interstate Commerce Commission bond, or ICC Bond, the Freight Broker bond is legally required to operate as an... Read Article

Surety Bonds for individuals with poor credit history

Surety bond is financial protection similar to an insurance policy.  The difference between a surety bond and an insurance policy is that a claim against a bond must be paid back while one against your insurance does not. This means a bonding company will perform a thorough background check on every applicant. A bad credit rating will force you to pay more for a surety bond. There... Read Article

Sales Tax Surety Bond

A Sales Tax surety bond is a bond required by many state governments for any business in that jurisdiction that does retail sales, leases and rents goods, or provides other taxable services. It is not a license to purchase goods sales tax free; rather it is a license to collect and remit sales tax to a state or local government. It is typically required by... Read Article