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Surety Bond 101 – How To Choose The Right Agent

published at Tuesday, March 24th, 2020

For any business requiring a surety bond, it’s important to find an experienced surety bond agent to help you navigate through the industry. Not all surety agents are created equal, […]

Named Top Performing Surety Agency of 2019 By The SBA

published at Saturday, January 25th, 2020

We are so excited to announce that we have been named one of the top-performing surety agencies 2 years in a row by the SBA. The Surety place works hard […]

Performance Bond VS Payment Bond

published at Tuesday, January 14th, 2020

Performance Bond VS Payment Bond Simply put, a performance bond ensures performance and a payment bond ensures payment. A performance bond is a type of surety bond that guarantees that a principal […]

North Dakota Public Adjusters Bonds – Now Mandatory

published at Saturday, December 28th, 2019

In North Dakota, a new bill has been established requiring public adjusters to be licensed and have a minimum of $20,000 surety bond. As of recent, the previous allowance of […]

Understanding the 4 Main Types of Surety Bonds

published at Thursday, November 7th, 2019

There are over 50,000 surety bond types in the nation and no official or legal way to properly divide them into categories. Surety bonds can be extremely tricky to understand, […]

SBA Surety Agency of the Year

published at Tuesday, June 18th, 2019

              We are SO excited to finally announce that we have received an award of Surety Agency of the year from the SBA. “Three […]

Surety Agency of the Year

published at Tuesday, June 11th, 2019

PHOENIX, June 26, 2019 /PRNewswire/ — Surety Placement Services, LLC DBA The Surety Place, was awarded national Surety Agency of the year by the SBA for the 2018 fiscal year. According to the Small Business Association, […]

What is a Bid Bond

published at Thursday, April 11th, 2019

A bid bond acts as insurance to protect the owner or developer in a construction bidding process and is required to bid on a contract. It’s a guarantee that the […]

Performance Bond FAQs

published at Monday, April 8th, 2019

Q: What is a Performance Bond? A: A performance bond is a type of contract bond that is often obtained in conjunction with a payment bond. A performance bond is a […]