The Importance of
Surety Bonds
Ken Goodwin , Vice President , Surety Division , with Poms & Associates Insurance Brokers , LLC , in Walnut Creek , has a background in sales , marketing , finance , underwriting and surety bonding . Although , as he says , “ No one comes out of college wanting to become a surety broker ,” he has found this niche to be particularly fulfilling because of how vital it is to ensuring that construction contractors can participate in public works projects . Ken sat down with Contractor Tools to provide our readers with some important details about surety bonds .
Types of Surety Bonds
“ The first thing to understand is that the term ‘ surety bond ’ is a catch-all for a number of different types of bonds – including contract , license , permit , court and other types of bonds ,” explains Ken . “ However , our firm focuses on construction contract bonds and subdivision improvement bonds .”
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