November 30th is Computer Security Day
Did you know November 30th is Computer Security Day? We take data security very seriously at Integrity Surety and thought we’d share with you some of our favorite tips to help keep your data safe. Remember, it’s never just YOU that’s affected – your company, your...
What is NMLS, and why do we use it?
The Nationwide Multistate Licensing System (or NMLS) began as a system of record-keeping for state-issued mortgage licenses, and has since expanded to include other financial-services-related business licensing. Today, for instance, mortgage broker bonds are filed...
What Is A Freight Broker Bond?
Freight Broker Bond season is approaching, and now more than ever, the world relies on truckers. These bonds are often referred to as BMC-84, Freight Broker, or FMCSA (Federal Motor Carrier Safety Administration) bonds. It guarantees that the broker will operate in...
Subdivision Bonds In Washington
In Seattle, like many cities across the US, it’s hard to drive a few miles without passing a group of new townhomes or luxury apartments. For these projects, developers will likely have to get a Subdivision Bond. These bonds are classified as contract bonds or...
Our Courier Fee Is Increasing
In order to keep up with increasing UPS costs, we’ve had to increase our overnight courier fee to $45. Remember, if you have your own UPS account, we’re always able and happy to bill your account rather than charge our $45 fee. Please provide your UPS account number...
Can I get a refund on a Performance Bond?
The construction industry is unpredictable, and a change in contract price is common. Many contractors wonder if they can get a refund on their bond premiums. The answer is sometimes. But also, sometimes there can be an additional billing Performance Bonds guarantee...
Bid Bonds in Washington
What is a Washington bid bond? Let’s say an obligee (usually a large general contractor, a government body, or an institution such as a school or church) wants to hire someone to do a project for them. They could request bids to see which contractors can provide the...
What is a Washington Contractors License Bond?
In many states, to be a licensed contractor, you are required by the state to have a bond. Sometimes it’s state-regulated, and other times it differs between counties or even cities. In some states, the requirement is the same for everyone, and sometimes it’s set by...
Why Do I Need To Provide FYE Statements?
Fiscal Year End Report ("FYE") Explained As the Fiscal Year ends and the spring bidding season begins, your Surety needs to update your underwriting files with current data. Your assistance in keeping your file up to date will allow the Surety to provide accurate...
How Much Do Bid, Performance & Payment Bonds Cost?
One of the first questions we hear from potential clients is “Can you get me a Surety Bond?” and the second is “How much will that cost?” Our answers are typically “Depends on several underwriting factors, but it doesn’t cost anything to find out”. Here are the...