There are around 200 types of surety bonds Jet can write in Wisconsin. Check out some of the hitters:
The Wisconsin Department of Transportation requires a surety bond for all motor vehicle dealer classifications.
Fidelity Bonds are needed for various business types including cleaning and janitorial services, financial institutions, and businesses offering employee benefit plans.
Hiring union laborers? While those skilled workers come with benefits you are sure to run into some red tape with the union, such as a Union Bond (Wage and Welfare) requirement.
Court Bonds are required on a county level for plaintiffs and defendants in all 50 states going through certain processes. Replevin bonds, appeal bonds, and lien bonds are examples of court bonds.
Probate Bonds (Fiduciary Bonds) are required by county courts for someone acting on behalf of another for financial or medical reasons. These can be for administrators or executors, conservators or guardians, and trustees.
Surety bonds are a means of restitution for anyone who is financially harmed by the actions of a regulated business or individual. Wisconsin utilizes surety bonds for several professions, licenses, permits, contracts, etc. to protect its people and lands.
As the surety company, Jet is responsible for providing compensation to any person or entity that has filed a valid claim against a principal (regulated person/entity). For example, if a customer purchased a car from a dealership and never receives the title for said vehicle, they can file a claim against the dealer's license bond. Even though Jet would provide payment to the customer, the dealer is liable to reimburse Jet for the claim amount. Read our Surety Bond Claims Guide to understand how to avoid claims and the claims process, should you run into a sticky situation.
Jet has streamlined the bond process so you can get a quote quickly, often within minutes. As a direct surety company, we are able to offer convenient monthly payments in addition to discounted annual and multi-year rates.