Your clients want to know that their homes and businesses will be safe when they hire contractors like you. That’s why it’s so important for you to provide proof of your reliability to these clients whenever you take a job with them. The way you do this is by purchasing Oregon bonds insurance, or Oregon Surety Bonds.

An Oregon surety bond is valuable for both you and your client. On the one hand, it tells your clients that you stand 100% behind your work. And on the other, it provides your clients reassurance that the job you’ve been hired for will get done while telling your suppliers and subcontractors that they will receive payment for all services rendered.

Many states now require that contractors possess both a bond and a license. But even in places where bonding is not required, it’s still an excellent selling feature for contractors looking to land new clients.

Getting Bonded

Securing Oregon bonds insurance requires finding a surety company to back you or an insurance agent give you a bond policy. A bond requires that you pay a premium to keep it current. The amount you pay typically depends on your experience and the size of the bond. Shopping around for the best bond deal will help keep your costs down.

Making the Best Use of a Bond

Once you purchase bonds insurance, it helps to keep that information with you in a working notebook or portfolio. You never know when a potential client–or even subcontractor–might ask to see proof of bonding. If you ended up having to call back later with the information, you may lose the job to someone else who can provide proof on demand.

It may cost you extra time to get Oregon bonds insurance. But if something happens and you can’t complete a job, your work project could end up costing you a lot more than just a little lost time.

Statewide offers surety bonds for California, Texas, Nevada, Oregon, Minnesota and Virginia.