Iowa Motor Vehicle Dealer Bond Increase

This past April, Iowa Governor Terry Branstad signed Senate File 2228 in regards to both new and wholesale Iowa motor vehicle dealers.  One of the big changes to new and wholesale dealers is a significant increase in the bond amount.  The new required amount will take effect on July 1, 2016 for new applications.  Dealer licenses issued prior to July 1, 2016 with a $50,000 bond in effect will remain valid until December 31, 2016, but will not be renewed until the bond has been increased to $75,000.  The State of Iowa DOT states they will accept a bond increase rider from your insurance agent or an Iowa licensed bonding company.



What does the new bond amount mean for you?

The current $50,000 bond requirement is effective until June 30, 2016.  On or after July 1, 2016, any new dealers should purchase the bond in the new amount of $75,000.  If you are already bonded, your current bond amount will be valid until December 31, 2016 but at that time you will need to have an increase rider in place.

Dealers who are needing to renew may find that the renewal rate is higher than previous years even if there has been no change to their credit.  It is important to remember that premiums are a percentage of the total bond amount.



Let Ashton help with your Iowa MVD bond!

With one simple application, Ashton Agency will shop around for the best rate possible.  Our in-house underwriters are able to look at many personal variables on your application and can offer some of the most competitive rates! We also have programs for challenged credit if you are needing a used car dealer bond.

Ashton Agency offers an experienced insurance department that can help with your garage liability insurance.  We are your one-stop shop for all of your auto dealer needs!

Start saving time and money immediately!  Call us today at (800) 452-2663 to speak with one of our helpful customer service representatives (hablamos español). 

Or visit online:

Website:  https://ashtonagency.com

Facebook: https://www.facebook.com/ashtonagency

Twitter: https://twitter.com/AshtonAgency

California Yacht Broker

Being a yacht broker can be a very rewarding, lucrative profession. For those who prefer a marine lifestyle, rather than sitting in an office, this may be the career for you! Let’s get to the basic steps of becoming a successful yacht broker.

Getting Licensed

Depending on the state, you may be required to obtain a yacht broker’s license, which may require items such as a background check, financial information, and other qualifications. Your particular state, as part of the licensing process, may require that you also obtain a surety bond to protect yourself and your clients financially. Check with your state to ask for requirements for licensing. Also, be sure to renew your licenses and bonds before they expire. In some states the license runs 2 years, some states just one year.  States like California currently require applicants for the yacht broker license to pass an exam before they can become licensed.  Florida requires a yacht broker to first be licensed as a yacht salesman for two years.

Never Stop Learning

Before you become a broker, it would be very helpful if you have had sales experience as a seller for another broker. Being a great salesperson is extremely crucial but constantly learning is what separates you from the competition. Networking with other yacht brokers or professionals in similar businesses can provide another beneficial aspect. Also consider taking classes that specialize in the field of boating, marketing and other business-related courses.

Starting up a yacht broker business can be difficult, but with extensive research, effective strategies, strong business ethics, and passion, being a yacht broker could be a dream career.

Are you a yacht broker looking for a surety bond?

Ashton Agency offers the California Yacht Broker bonds at a flat rate price, with no credit check.  Ashton also offers a great multi year program for Yacht Brokers with good credit.

Ashton Agency has been helping small businesses all across the US get bonded quickly and easily for over 40 years.

Call (800) 452-2663 speak with one of our bond specialist (hablamos español).

Or visit online:

Website: https://ashtonagency.com

Facebook:https://www.facebook.com/ashtonagency

Twitter: https://twitter.com/AshtonAgency

Abilene Texas contractor information.

Abilene Texas contractor information.

Starting your own business can be an exciting but overwhelming venture.  Surety bonds are a requirement in some states, cities, and counties to be compliant with federal, state and local laws in many industries.  If a business is required to have a bond, you will not be able to get a license without one.

Abilene requires many types of contractors to be registered, obtain general liability insurance, and obtain bonds. To ensure you remain in compliance with the laws of your industry make sure you have obtained the proper registration, bond, and insurance, if required.

Abilene Building, Roofing, Demolition, and Building Movers contractors are required to obtain a $25,000 bond.

Abilene Swimming Pool contractors are required to obtain a $10,000 bond.

Abilene Electrical, Plumbing, and Irrigation contractors are required to obtain a $5,000 bond.

Abilene Sign contractor are required to obtain a $3,000 bond.

To view the full list of requirements that Abilene requires, visit their site directly.

Being a licensed and bonded business shows credibility to the public that will be requiring your services.  Ashton Agency has been helping business owners with their specialty bonds since 1968.  What does that mean for you?  It means that Ashton Agency is able to offer some of the lowest flat rate, no credit check prices for your Abilene contractor bonds.

Start saving time and money immediately! 

Call us today at (800) 452-2663 to speak with one of our helpful customer service representatives (hablamos español).

You can also visit us online at:

Abilene Online Application

http://ashtonagency.com

https://www.facebook.com/ashtonagency

https://twitter.com/AshtonAgency

Oregon Landscape Contractor Bond

Newly passed Senate Bill 580 creates a new bond tier for Oregon Landscape Contractors.  The maximum bond amount was previously set at $15,000 and was required of any applicant who charged $25,000 or more for a job.  The new legislation keeps the $15,000 amount in effect, however, it is insufficient to cover jobs in which the contractor charges $50,000 or more.  They must now provide the LCB with a $20,000 Surety Bond.

The term “landscape contractor” seems to imply tasks such as mowing and edging, but the Oregon Landscape Contractors Board actually has a specific list of work a person or business may engage in that would require them to obtain a license as a landscape contractor.

• Plan or install new plantings or create new planting areas
• Install or repair irrigation systems or maintain irrigation systems with the use of compressed air
• Plan, install, maintain, or repair arbors, decks, patios, driveways, fences, retaining walls, walkways, concrete landscape edging or ornamental water features
• Install, maintain or repair drainage systems and ornamental water features

Before being able to legally engage in any of the work listed above, individuals must first obtain their license, bond and insurance.

Start saving time and money immediately! 

Call us today at (800) 452-2663 to speak with one of our helpful customer service representatives (hablamos español).

You can also visit us online at:

 http://ashtonagency.com

https://www.facebook.com/ashtonagency

https://twitter.com/AshtonAgency

New Mexico Contractor Bond

Deciding to go into business for yourself is exciting, but also can be very stressful. Contractors will quickly find themselves swamped with paperwork they must complete to legally operate, such as a surety bond.

Surety bonds are required in New Mexico for contractors in the amount of $10,000.

A licensed and bonded business shows credibility and strong business ethics. Consumers are much more likely to work with a business they can trust than those who do not provide that same feeling.

Surety bonds are different than insurance. Bonds serve more as consumer protection that you will abide by the laws of the government agency that requires the bond.

Ashton Agency offers the New Mexico contractor bond at a flat rate price, with no credit check. 

Ashton Agency has been helping contractors all across the US get bonded quickly and easily for over 40 years.

Call (800) 452-2663 speak with one of our bond specialist.

Or visit online:

Website:  https://ashtonagency.com

Facebook: https://www.facebook.com/ashtonagency

Twitter: https://twitter.com/AshtonAgency

Florida Motor Vehicle Dealer Bonds

All Florida motor vehicle dealer bonds have a common expiration date of April 30th.  Auto dealers are required to obtain a $25,000 Motor Vehicle Dealer Bond to be in compliance with Section 320.27 of the Florida Statutes.

With one simple application Ashton Agency will shop around for the best rate possible and will get you a quote back in 1-2 business days.  Our in-house underwriters are able to look at many personal variables on your application and can offer the Florida Auto Dealer Bond as low as $200!

In addition to the bond, the State of Florida requires that you carry garage liability insurance.   Ashton Agency offers an experienced insurance department that can write your liability coverage also. We are your one-stop shop for all your auto dealer needs!

Start saving time and money immediately!  Call us today at (800) 451-4854 to speak with one of our helpful customer service representatives (hablamos español). 

Or visit online:

Website:  https://ashtonagency.com

Facebook: https://www.facebook.com/ashtonagency

Twitter: https://twitter.com/AshtonAgency

Motor Vehicle Dealer Overview

In this post you’ll find a general overview of dealer bonds, also known as MVD bonds & license bonds.  For specific information on what type of bond and documentation you'll need to submit to satisfy the surety bond requirement of your dealership licensing process, please contact the appropriate motor vehicle agency in your state.

Auto dealers, used, new, and wholesalers in most states must file a surety bond with the state’s Department of Motor Vehicles before they can receive their dealer license.  Surety bonds are designed to protect the customers of the auto dealer.  A surety bond will help ensure that your dealership will follow the rules and regulations in the state where the dealership is located.

Typically, dealers obtain their motor vehicle dealer bond by applying with a surety bond company.  As part of the application process the dealer will fill out an application and agree to a credit check and may have to submit financial documentation, so that the bond company can be sure they are credit worthy and financially stable. 

Credit challenged clients may have a harder time acquiring a bond.  Some bond companies will not even help the dealer.  At Ashton Agency we are able to help almost all credit situations.  We have many programs available to help the clients with less than perfect credit.  Ashton Agency has been helping dealers all across the US get bonded quickly and easily for over 40 years.

Call (800) 452-2663 / (800) 451-4854 to speak with one of our bond specialist, or visit our website at http://ashtonagency.com.