Monthly Archives: February 2012

Bid and Performance Bonds, Surety Bonds

Bid & Performance Surety Bonds

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Call us today at 800-921-1008 for a quick free quote or more information.

We at Bernard Fleischer & Sons (www.BFBOND.com) offer surety bonds and we are proud of our long history of excellent customer service. We take a comprehensive approach to your surety needs, looking for ways to help you grow your business. We strive to find ways to help contractors get the surety credit they need. We offer the following surety bond services:

Bid Bonds
A guarantee that the contractor will enter into a contract, if it is awarded to him, and furnish a contract bond (sometimes called “performance bond”) as is required by the terms of the contract.

Payment Bonds
A bond to assure payment of a contractor’s obligations to its subcontractor’s and suppliers. Payment bonds are usually required on public works projects and often required on private projects.

Mortgage Broker Bonds
Mortgage Broker bonds legally provide mortgages to home owners. To qualify you must complete an application and have a credit score that qualifies.

Performance Bonds 
Performance Bonds guarantee performance of the terms of a written contract. Performance Bonds often, but not always, incorporate payment bond and maintenance bond liability.

Surety Bonds

Surety Bonds

Surety Bonds
We offer a variety of surety bonds to our commercial customers, including:

  • Contract/construction surety – These include performance or payment bonds, which are required of contractors performing any project funded by federal, state or municipal entities.

  • Commercial surety – Examples of commercial surety are license, permit, probate or court bonds, which may be required if you operate under local, state or federal license.
  • Fidelity bonds – These protect employers against acts of employee dishonesty, and provide coverage above and beyond the limits of most package products. We also offer a commercial crime bond, which covers losses from burglary, robbery and depositor’s forgery
Employment Agency Bond

New York City Employment Agency Bond – $5,000 (2 years) NO Credit check

employment-agency-bondsWith our Surety Companies you are guaranteed approved for the $5,000 New York City Employment Agency Bond required by the NYC Department of Consumer Affairs.

The New York City Employment Agency Bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal.  These bonds hold you accountable for your business decisions.

By possessing a New York City Employment Agency Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.

 

ALL NYC Dept of Consumer Affairs EMPLOYMENT AGENCY BONDS EXPIRE ON 05/01 EVERY EVEN YEAR

Employment Agency Bond

Employment Agency Bond

An employment agency bond is similar to a private employment agency bond, except that the agency is usually much bigger. The bond is a form of insurance that the agency purchases to guarantee to their clients their financial stability and legal compliance. Examples of employment agencies include temp agencies, sites like Monster or Career Builder, and more. These agencies seek to match potential employees with companies

Before employment agencies purchase a bond from an agency, they must submit themselves to a credit check, have their application approved, and go through other screening processes. WE represent Surety Companies, who do not run credit check, it’s a hassle free process.

At Bernard Fleischer and Sons,  Bonding is prepared to help Employment Agencies  purchase The employment agency bonds . Call us @ 800-921-1008 for a free quote, knowledgeable staff, and friendly customer service. Get started now!

William G. Fleischer, CIC
President
29 Broadway, Suite 1511
New York NY 10006
212 566-1881 ext 111
wfleischer@bfbond.com
www.bfbond.com
 

 

Employment Agency Bond

Employment agency Bond, who does it protect?

employment

Who is protected under this Bond?

Consumers of the employment agency who have enlisted their services. The bond shall be for the benefit of any person or persons damaged by any violation of this title or by fraud, dishonesty, misstatement, misrepresentation, deceit, unlawful acts or omissions, or failure to provide the services of the employment agency in performance of the contract with the job seeker, employment agency of its agents, representatives, or employees while acting within the scope of their employment. Click here for EZ employment Bond application

Underwriting Process

The Employment Agency Bond is underwritten based on a personal credit check of the business owner(s) for some bonding companies.  We represent Surety Companies who do not run Credit checks In the event the personal credit does not meet the minimum threshold for a standard approval, the premium rate may be elevated. Upon approval for the bond, the original signed application must be forwarded to our office.

Employment Agency info: NYC Department of Consumer Affairs

For more information visit us at bfbond.com, call 1.800.921.1008 or email jw@bfbond.com

Probate Bonds

Guardianship Bonds & Guardian Bonds

guardianship

Bernard Fleischer & Sons Inc. can guide you through the process of obtaining the guardianship bond often required. We have extensive experience in placing probate / fiduciary bonds.

 

What is a Guardianship Bond?

A Guardian is a fiduciary appointed by the court to manage the estate of a minor or incompetent. Most bonds are written for multiple years, depending on the individual circumstances.

A guardianship bond is a type of fiduciary bond. Like all fiduciary bonds– a subcategory of court bonds– the guardianship bond is required by an assigned person who handles the property and monies of a minor or otherwise incompetent person. Subject to its specific terms, this bond guarantees honest accounting and faithful performance of duties. These bonds are customarily filed in a probate court.

 

What do Guardianship Bonds do?

Guardianship Bonds work similar to insurance. But instead of protecting you, they protect the person you are caring for. They protect against losses or damages should you (the guardian) behave improperly or unethically. This means if you steal money from a minor’s trust that you are caring for, a claim can be made against your bond, they guarantee you will not abuse or neglect the person you are caring for. And if you do, the minor or incapacitated individual is protected by the bond.

 

How to get a Guardianship Bond

Our Surety Bonding Agency is a full-service, national surety bonding agency, licensed in every U.S. state to serve all your needs. Our team is proud of our attentive service and quick turnaround times. We provide responsive, knowledgeable assistance to attorneys, fiduciary and other individuals in need of all types of probate bonds and other court bonds.

For further information about guardianship bonds see our article When is a Guardianship Bond Required for Minors and the Incapacitated?, email Jose Ward at jw@bfbond.com, call us at 800.921.1008 or fill out an application here.

Bid and Performance Bonds, Bonds FYI, Surety Bonds, Uncategorized

FAST BID & PERFORMANCE BONDS IN NASSAU AND SUFFOLK COUNTIES IN NY

CNA Surety, Western Surety, Merchants Bonding, General Accident, Travelers Surety, RLI Surety, Chubb Surety, Philadelphia Surety, Zurich Surety, Ironsure Surety, Suretec Surety

Good news! Effective immediately, CNA Surety & bfbond.com will now accept FastTrack Applications for small contractors bidding work in Nassau and Suffolk Counties, New York which was previously restricted areas.  Many small contractors will soon be bidding on public works projects and/or to General Contractor’s for upcoming subcontracts.  Yes, the active bidding season is here and we are excited to include Nassau and Suffolk Counties!

bfbond.com Along with CNA Surety’s FastTrack program is designed to meet your small contractor’s needs.  We’ve streamlined our underwriting for small contractors utilizing our FastTrack program. No financial statements are required for projects up to $200,000, FastTrack program available for up to $400,000 and our easy  FastTrack Application only takes a few minutes to complete. We welcome the opportunity to help you with your urgent Bid or Performance & Payment Bond needs.

Our experienced team of underwriters are standing by to provide you with the best service in the industry.  We know the importance of a timely response when considering bid bonds. A thoroughly completed FastTrack Application allows our staff to respond quickly, many times in less than 24 hours!

Don’t forget CNA Surety offers an online automation tool to streamline the issuance of contract bonds. When using our online form it allows you to submit the FastTrack Application and receive quotes, acknowledgments, and bonds from us electronically! Visit www.bfbond.com, contact us at JW@bfbond.com or call us at 1-800-921-1008 with any questions.  CNA writes more bonds than any other company in the industry THEY WANT YOUR BUSINESS!

BFBond.com through CNA Surety provides custom-tailored proficient surety solutions to nearly all your bonding and Insurance needs.

CNA Surety, Western Surety, Merchants Bonding, General Accident, Travelers Surety, RLI Surety, Chubb Surety, Philadelphia Surety, Zurich Surety, Ironsure Surety, Suretec Surety