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Thread: Financial Info

  1. Bond Magician
    Bond Magician is offline Senior Member
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    Oct 2007
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    Financial Info

    Why do I have to submit so much financial information just to obtain a surety bond?
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  2. Surety Queen
    Surety Queen is offline Surety Professional
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    Financial Info

    Quote Originally Posted by Bond Magician
    Why do I have to submit so much financial information just to obtain a surety bond?
    The financial information that you submit speaks to Surety about the strength of your company and your ability to run a profitable business.
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  3. grasshopper
    grasshopper is offline Senior Member
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    Sep 2008
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    When signing for my Wage and Welfare bond, why do I submit my drivers license number and my wife's? What is that used for?
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  4. Surety Queen
    Surety Queen is offline Surety Professional
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    Wage & Welfare Bonds

    Quote Originally Posted by grasshopper
    When signing for my Wage and Welfare bond, why do I submit my drivers license number and my wife's? What is that used for?
    That's a good question. We only have one Surety that requires drivers license numbers and I'm not sure why. They must feel that it is important information for them to have relative to the indemnity agreement.
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