What surety bonds can do for your business
Surety bonds give you greater financial leeway in business negotiations. Bonded companies obtain more advantageous prices from suppliers and subcontractors, who get the peace of mind of knowing they will always be paid on time. They also enjoy a more solid reputation, meaning access to preferential rates from lending institutions.
Another advantage of surety bonds is that pricing levels can be adjusted until the very last minute. This flexibility allows companies to be highly responsive. For example, they can modify their prices based on current competition.
Furthermore, surety bonds are often required in calls for tender, meaning bonded companies are more likely to be awarded major contracts. At ESSOR Insurance, our expert understanding of your needs guarantees you quick access to surety solutions.