Pro Surety Bond - Bid and Performance Bonds

03/28/2017

Infrastructure projects are getting ready to explode all over the country! Call us if you need bid bonds or performance bonds!

https://lasvegassun.com/news/2017/mar/28/after-austere-years-nlv-returns-to-build-up-mode-w/

03/10/2017

Nevada officials have spent the last year investigating 'for hire' professional guardians. Some of these guardians, entrusted with protecting the welfare and interests of minors and the incapacitated (including the elderly and disabled), known as 'wards', have faced numerous accusations of wrongdoing. Accusations are primarily focused on the misappropriation of the wards assets.

Sadly, many wards have been left either near penniless, without home and in some cases unable to leave the state and the clutches of their guardian due to statutes that are outdated and without consideration of the the wards family living out of state.

This week Nevada grand juries have indicted two of these professional guardians and their associates. Felony charges total well over 200 including theft, racketeering, exploitation and perjury. Officials estimate that over $500,000.00 has been stolen from at least 150 victims of our most vulnerable population, many of whom have since passed on.

Most states require guardians to be bonded. These bonds are put in place to ensure that a court appointed guardian will perform his or her duties. Should funds be mismanaged or stolen, a claim may be made against the bond on behalf of the ward.

Bonding is critical component designed to protect a third party. While these third parties are often times viewed as nothing more than a faceless entity (such as a highway road project or public utility), we can also see how they can become all too human. These wards depend on the integrity of those entrusted to protect them. The exploitation of the vulnerable is inexcusable as is the lack of oversight to help safeguard against such crimes.

Pro Surety Bond is licensed in all 50 states. We can assist with probate bonds including guardianship and administrator in addition to a host of court bonds. We offer quick quotes and competitive rates.

Call us today at 702-800-7007.

A grand jury indicted a for-profit guardian Wednesday on 270 charges of racketeering, theft and exploitation among others, in a case that spans more than 150 victims.

03/01/2017

The Nevada Department of Motor Vehicles is conducting its annual 'Impact Day'. DMV investigators visit auto body shops, garage repair and used car dealers across Clark County making sure these business are in compliance.

Compliance includes business registration with the DMV. Registration requirements mandate maintaining an active business license and surety bond. The latter providing specific protection to consumers. As DMV Special Investigator Lori Billingsley states, “There isn’t much recourse if somebody gets bad service from a company with an expired registration and no bond.”

Indeed, shoddy workmanship, failure to provide refunds, exchanges and general warranty obligations are problems consumers face on an all too regular basis. Auto body, garage and vehicle dealer bonds offer recourse to consumers who have been left stranded by businesses that fail to meet their obligations.

Fines for non-compliance are stiff. First time offenders will pay $500.00 and second time offenders will pay double. Third offenders may have their doors shuttered by DMV investigators indefinitely.

Compliance is cheap in comparison. The average auto mechanics business license costs $26.00 annually and garage bonds have an average annual cost of $165.00.

Are you in need of a bond for your business?

Pro Surety Bond offers great rates for auto body, garage and used car dealer bonds. Call us today for a no obligation quote at 702-800-7007!

Several teams of investigators from the Department of Motor Vehicles compliance enforcement team were dispatched across the Las Vegas Valley on Tuesday to seek out roughly 120 garages with lapsed business licenses.

12/15/2016

Long time Las Vegas estate attorney Robert Graham is under intense scrutiny. His law firm, Lawyers West, was recently shuttered leaving behind a now unemployed staff, unsettled client case files and a multitude of questions. The biggest of these questions is what happened to the firms trust account and reported $13 million dollars of clients' funds that remain unaccounted for.

While a potential scandal of this magnitude is uncommon, it highlights the importance of third party safeguards such as bonding. Bonds protect a third party, in this case clients whose money was held in trust accounts by the attorney. Underwriting, both initial and ongoing, can provide oversight and monitoring that may help prevent, or curtail, events such as this in addition to indemnifying victims.

Pro Surety Bond writes all types of probate bonds including Administrator, Guardianship, Veterans Administration and more. We're licensed in all 50 states, service clients nationwide and offer the best possible rates. Call us at 702-800-7007.

Longtime probate attorney Robert Graham has stolen millions of dollars in client funds and abruptly abandoned his law practice, the State Bar of Nevada alleges in court documents.

12/08/2016

The Eclipse Theater is a project we bonded earlier this year. It's always great to see the finished product. I don't go to many movies these days but I will have to check out the Eclipse for sure!

11/26/2016

ESOP's (employee stock ownership plans) are gaining popularity in the construction world. These plans allow employees to buy the business from current ownership. This is particularly attractive in the construction sector where acquisition is not common and makes selling a firm difficult. The article highlights the benefits and pitfalls of such plans including the impact it could have on a firms ability to obtain bonding (a critical component in bidding and securing public project contracts).

11/18/2016

Robot Brick Layer -- we are seeing the future.

09/07/2016

ITT Technical Institute, once one of the largest 'for profit' trade colleges, recently closed its doors. This came as a shock to both staff and students alike with over 8,000 employees out of work and over 35,000 students without a classroom.

Post secondary private schools are often times required to maintain a bond. The bond is in place to safeguard against tuition collected and provide recourse for paying students and the finance companies (including the Federal Government) that underwrite student loans.

Simply put, if the school cannot provide the curriculum and are unwilling or unable to refund the tuition, then a potential claim may made against the bond.

From the Las Vegas Review Journal:

"The chain was banned Aug. 25 from enrolling new students who used federal financial aid, because, Education Department officials said, the company had become a risk to students and taxpayers. The department also ordered ITT to pay $152 million within 30 days to help cover student refunds and other liabilities if the chain closed."

While it is uncertain if ITT Technical Institute maintains a bond, it is more than certain that there is potential exposure for both students, financial aid providers and tax payers.

Pro Surety Bond offers Post Secondary School Bonds and at very competitive rates. If you're a private school just starting up, or are simply seeking a better rate, then call us today. We're licensed in all 50 states and provide the quickest turnaround time possible.

All calls are answered 24/7, call us today at 702-800-7007

ITT Educational Services Inc. has abruptly shut down its eponymous for-profit technical schools, closing more than 130 campuses and leaving as many as 40,000 students stranded in one of the largest college closures in American history.

09/04/2016

We receive a large number of requests for lost and defective vehicle title bonds. While in many cases the reason for the bond is simple (inoperable, several decades old vehicle purchased for parts or restoration), there are also bond requests that will require some verification and even underwriting.

A good example of this would be from buyers that purchased a vehicle without a title. This seems to be almost exclusive to Craigslist transaction. In cases like this we will generally want to see a bill of sale and perhaps further documentation. We may also need a credit check depending on the bond amount.

Needless to say, you should never purchase a vehicle without a title. It's also strongly suggested to conduct a VIN check as well (see story below).

Pro Surety Bond offers amazing rates and quick turnaround time for lost and defective title bonds. Call us at 702-800-7007 for your no obligation quote.
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This recent news story chronicles one gentleman's recent Craigslist purchase. Sadly, he is out a good deal of money and the vehicle. It's also worth noting that the seller had a title for the stolen vehicle.

Buyer beware!

A Las Vegas Valley man learned a hard lesson about major purchases from Craigslist. He purchased a truck for $7,000. When he went to the DMV to switch the title, he discovered the vehicle had been ...

08/30/2016

We just bonded a roofing project for a municipal building in the City of Napa...deep in the heart of Wine Country. Most public projects require bonding to guarantee the job will be successful and usually the job is awarded to the lowest bidder who has been prequalified by a Surety. Cheers!

Click Here for Our Contract and Construction Bond Programs:
http://www.prosuretybond.com/contract-and-construction-bonds/

08/27/2016

Pro Surety Bond....often imitated, but never emulated.

08/23/2016

There will be a panel discussion on Sept. 8th for Contractors in the Las Vegas area on how to bid on public projects. If you're a contractor public projects can be very profitable. If you are new to bidding on public projects and want to learn more, Click Here for
details: http://www.prosuretybond.com/FB/publicworksjobs.jpg

Pro Surety Bond does Contract Bonding nationally for public works projects of all types including SBA Backed Bonds. We work with contractors all day every day on this stuff.

Call us at 702-800-7007 or visit www.prosuretybond.com for help with contract and bid bonds.