If you are looking for information, forms or applications for a Utility Bond then connect with a surety expert today by calling (866) 864-1671 or submitting a bond request now. We will make sure to walk you through each step of our simple and easy bonding process.
Utility service providers require some customers to post a surety bond in lieu of a deposit for utility services on a case-by-case basis. If a customer falls behind on payments, the utility company can submit a claim and proof of late payments to the surety company. If validated, the surety will cover financial losses suffered by the utility company up to the full bond amount. It's important to note that the principal (utility customer) is responsible for reimbursing the surety for damages paid out. Contact us to learn more about how utility deposit bonds can benefit your business.
The price paid for a utility deposit bond depends on a credit report. Well qualified applicants with strong financial credentials could qualify to pay as low as 1% of the required bond amount. The required bond amount for a utility bond is determined by the utility company, and applicants should verify their required bond amount prior to bonding. Submit your quote request today! Our team of experts is standing by, ready to help you secure the bond you need at the lowest prices available.
Whether you are looking for a Utility Bond or any other type of surety bond, ProSure Group helps you find the right surety bond quicker & easier. Our goal is to provide you with simple and efficient service so you can focus on your business.
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