Master Drainlayers Bond
The State of Missouri has required the obtainment of the Master Drainlayers Bond. The required bond amount is $2,000. This bond is required in order to obtain an active license and conduct and perform the business of a drainlayer.
The bond helps ensure that the drainlayer will comply with all regulations, rules, and laws when performing in Missouri. This bond will protect your clients from malpractice or detriment done by your company. These wrongdoings can be any person damaged by any misrepresentation or fraud of your services. The bond helps guarantee that the drainlayer will follow all regulations, rules, and laws. This bond will protect the state by guaranteeing faithful and honest performance. The bond provides surety in regaining losses in fees, fines, and expenses imposed by state regulators. If there are any poor financial decisions, damages, or violating of any laws or regulations, this bond will be used in favor of the state.
Contractor bonds, like this one, are also used to make keep the business is in good financial standing to perform their services. This bond provides clients a peace of mind knowing that the business has been backed by a third party surety company.
The surety company will payout if you are found at fault for a claim on your bond. These bonds are freely written and do not require a credit check. A quote can be obtained by completing the online application.
Link to Missouri Revised Statutes pertaining to Master Drainlayers Bond: