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Anchorage, Alaska 99501
Money Transmitter Bond
Money Transfer bonds are also known as Transmitter bonds. Money transmitter bonds guarantee compliance with state laws and regulations.
Auto Dealer Bond
Auto Dealer bonds, also known as Motor Vehicle Dealer bonds, are required for anyone who sells new or used cars.
Sales Tax Bond
A Sales Tax bond guarantees that taxes are collected and will be remitted to the state according to the gross receipts for the products the company is collecting tax on.
Wage and Welfare Bond
A Wage and Welfare bond guarantees payment of wages and/or benefits to union employees by contractors or any company that hires union members.
about us
Express Surety Services
Express Surety Services was founded in 1998, making it a well-established insurance carrier with more than 25 years worth of experience in offering superior insurance policies and services to individuals and businesses alike. Today, We are among the top writers of business policies in the US and the world at large.
We have a long-standing history and massive size has helped us to earn a reputation as a notably stable company. We currently provide personal and commercial insurance in 50 states, and surety products globally through a network of more than a thousand leading independent agencies.
We are a leading provider of surety bonds that helps businesses and individuals provide their customers with confidence and security. Our surety bond products include contract, commercial, money transmitter, court, large national, energy and bail bonds.
FINANCIAL GUARANTEE BONDS
Financial Guarantee bond guarantees payments on a financial obligation.
Financial guarantee bond guarantee that the financial obligation of the bonded party will be satisfied. With financial guarantee bonds, the surety is essentially providing a potentially quicker path of recourse if the party with the obligation to pay does not do so satisfactory. When a claim is placed on a financial guarantee bond, the surety would then be responsible to make payment to satisfy their responsibility to the bond. After a surety pays a claim on a bond, the surety then attempts to recoup the loss from the bonded business or individual. A surety bond works more like a credit line rather than an insurance policy. Even if a surety pays out on a claim, the bonded business or individual is ultimately responsible for the amount paid out by the surety.
How To Qualify For A Financial Guarantee Bond
Being that a financial guarantee bond guarantees a person’s or business’s payment to an obligation, the qualification process for a financial guarantee bond is often based on credit and financial standing. Depending on the specific type and amount of the requested bond, a business and/or personal financial analysis may be required to get a quote for these types of bonds. Financial statements are not always required so it is best to speak with an agent to determine exactly what is needed.
our services
Why work with Express Surety Services?
We help you see the world differently, discover opportunities you may never have imagined and achieve results that bridge what is with what can be.
Applying is Simple
Our online application takes just minutes to complete.
Exclusive Bond Programs
We offer a variety of discount programs for bad credit.
Best Available Pricing
We shop around to find our customers the best available rates.
Industry Expertise
With over 3,000 bonds and counting, our staff has substantial experience.
Fast Turnaround Time
Most bonds are quoted out of our office within minutes.
Ongoing Claims Support
We provide claims assistance for as long as you’re bonded with us.
main principles
Understanding Bonds
Bid Bonds
A Bid Bond guarantees that if a principal is the successful bidder, the principal will enter into a contract and file a performance or supply bond. The bid bond also guarantees the bidder has the experience and financial ability to complete a job if it is awarded. If the principal cannot complete the job, the surety carrier will back the job.
Maintenance Bonds
A Maintenance Bond is typically referred to as a Warranty Bond within the construction industry. These bonds typically guarantee the quality of a contractor’s workmanship. A Maintenance Bond is usually for a specified period of time.
Payment Bonds
A Payment Bond is a financial guarantee within the construction industry. These bonds are typically coupled together with a Performance Bond. A Payment Bond is a guarantee that you will pay any sub-contracted employees, hired laborers, or material supply companies in full and on time.
