Financial Info

[Bond Magician]

Why do I have to submit so much financial information just to obtain a surety bond?

[Surety Queen]

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.

[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?

[Surety Queen]

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.