Unlike many exotic financial tools, surety bonds are a product that many people will likely deal with at one point or another. Whether you are a home owner or run a small business, there is a good chance that you have requested or provided a surety bond at one time or another. Generally speaking, they are accepted as a wise investment in a variety of scenarios. But with the economy seemingly in flux and an election on the horizon, will bonds remain good value for money?
Consistent demand for surety bonds
In short, the need for surety bonds is likely to remain fairly consistent - especially in these down economic times, when so many people are defaulting or unable to live up to a contract. Establishing a surety bond confirms that a company is reliable and trustworthy and so it endures as an excellent stamp of approval for any business. In addition, getting bonded is a relatively straightforward and inexpensive process, especially in comparison to insurance premiums which can quickly add up. None of these salient advantages to surety bonds are likely to change in the (Read More....)