Which Connecticut Surety Bond Do I Need?

December 14, 2017 by · Leave a Comment 

In need of a Connecticut surety bond or unsure of the requirements? You’ve come to the right place. While Connecticut surety bonds don’t get headlines in the newspapers, surety bonds still play an important role in Connecticut. Throughout the state in Hartford, Stamford, Bridgeport, and New Haven, Connecticut, residents and businesses-alike need to lean on a surety bond from time to time.

What Types of Connecticut Surety Bonds Are Required?

There are four main types of Connecticut surety bonds including probate and fiduciary bonds, license and permit bonds, and court bonds which are divided into plaintiff bonds and defendant bonds. Among the most commonly used are appeal bonds, mortgage broker bonds, executive bonds, and lien bonds.

Surety bonds can be required by the state through a legislative mandate or through the court system. A Connecticut surety bond may be ordered by the state or by the smallest of municipalities. Failing to meet Connecticut surety bond requirements can result in loss of business (failure to obtain license bond) or loss of property (failure to properly transfer a lien).

How Are Connecticut Surety Bond Rates Determined?

The state of Connecticut has followed the example of other states by ensuring the surety bond process is as affordable as possible. The point of surety bonds are to quickly, and neatly wrap up an otherwise volatile situation. For example, in a transfer of lien bond that bond can satisfy any unpaid wage argument that a contractor has brought against a property owner. And a plaintiff can secure a wage garnishment bond with they have not been paid. In both of those situations the bond fully protects the action should it later be deemed wrongful.

Connecticut surety bond rates are determined based on the value they are covering (i.e. the impounding of a vehicle), as well as any court costs or fees. Personal information such as credit score can also impact a person’s surety bond rate. The Connecticut surety bond experts at Jurisco are on-hand to deliver the fastest surety bond service possible, while still focusing in on delivering the lowest surety bond rate.

Are Connecticut Surety Bond Experts Available for Questions?

Not only can you speak to a Connecticut surety bond expert about your particular situation, but you can trust that a surety bond expert will be handling your surety bond. This means that you receive the correct Connecticut surety bond while simultaneously receiving the lowest surety bond rate possible. It’s a win-win when clients work with Jurisco.

Contact Jurisco today with any questions you may have about a Connecticut surety bond. The lawyer-trained staff are ready and willing to make sure you have the best surety bond experience possible in Connecticut.

 
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