What Are Tulsa Surety & Fidelity Bonds?

We are passionate about education and information at AAA Tulsa – South Memorial. We wanted to take a moment to explain surety and fidelity bonds.

 

A surety bond is essentially a promise backed by your credit that you will do what it says. For instance, if your company needs to have a bond, the insurance company will hold you accountable for upholding what is promised in the bond.

 

A fidelity bond is essentially an agreement that promises reimbursements for any damages or losses that happen because an employee has stolen from you. For instance, if your accountant doesn’t do his job and it ends up costing you money, you will be reimbursed.

Benefits of Surety & Fidelity Bonds in Tulsa

There are many benefits of both surety and fidelity bonds. These bonds offer peace of mind for both the contractor and the client. Because of this, they are incredibly beneficial.

 

Here are a few other benefits that can help convince you these bonds are right for you:

• Healthy financial backing
• Protection against theft and fraud
• Shortened contract completion time
• Peace of mind to both parties involved

 

We provide bonding to contractors, clients, as well as employees. Whether you want a surety bond or fidelity bond, we’ve got you covered. At AAA Tulsa – South Memorial, we are passionate about helping each of our clients get the protection they deserve in every area of life.

Why Do You Need Surety and Fidelity Bonds in Tulsa?

Contractors and clients can benefit from these bonds because they offer protection against fraud and theft. A client wants to hire a contractor for an important project, but they’re worried about it going wrong. Surety bonds give them peace of mind knowing that your company is going to do what it says.

 

A contractor wants a client to hire them for a big project, but they’re worried about whether or not the client will follow through with payment. Fidelity bonds give them peace of mind knowing that if the client doesn’t pay up, you’ll be covered financially.

 

What Is the Process to Get a Surety and Fidelity Bond in Tulsa?

Getting a surety and fidelity bond isn’t that difficult. Our team will walk you through the process, ensuring that you are equipped with the information you need to make decisions that are right for your business.