Photo performance bond help?

[Bond Guy]

I have a small photo business performing promotions in retail accounts. Some vendors offering similar services have performed poorly in the past and has made the proprietors apprehensive about allowing our services. I need to insure that if they employ my services, I will perform the agreed services or they can collect on the "Surety Bond?" I have in place. My questions are, Does such a bond exist and do you offer it?

[Surety Queen]

Originally Posted by Bond Guy

I have a small photo business performing promotions in retail accounts. Some vendors offering similar services have performed poorly in the past and has made the proprietors apprehensive about allowing our services. I need to insure that if they employ my services, I will perform the agreed services or they can collect on the "Surety Bond?" I have in place. My questions are, Does such a bond exist and do you offer it?

Unless you are doing work for a public entity (a township or county), a bond will not be obtainable. The purpose of a performance bond is to protect public money - not private money. If you have further questions regarding this information, please don't hesitate to call our office.

[Admin]

In general Surety Queen is correct. Bonding companies usually only work with public obligees, as there is no worries of running out of funds and they understand the process better than many privately held companies. However, there are instances where private companies are the obligee, but usually only for the mega-corps of the world (e.g. Walmart).