Talk:Performance bond

Clean-up template

This article in my opinion doesn't look to be of the typical standard of wikipedia, in fact it looks like it was copy-pasted from a info blog. In particular the following part is of concern:

Performance Bond Cost. Surety Bond Companies calculate the premium they charge for surety bonds based on three primary criterion: 1) Bond Type 2) Bond Amount 3) the Applicants Risk

Bond Type. Surety Bond Companies have actuarial information on the lifetime claims history for each bond types. Overtime, surety bond underwriters are able to determine that some surety bonds are more risky than others. For example, California Motor vehicle dealer bond has significantly more claims than the straightforward notary bond. If a given surety bond type has paid out a high percentage of claims then the premium amount paid by applicants will be higher.

Bond Amount. There are over 25,000 types of Surety Bonds in the United States and each bond has a designated bond amount. Surety Bond companies will determine bond rate based on risk and then charge a surety bond premium in the range 1-15% of the bond amount.

Applicants History/Risk. Surety Bond companies attempt to predict the risk that an applicant represents. Those who are perceived to be a higher risk will pay a higher surety bond premium. Since Surety bond companies are providing a financial guarantee on the future work performance of those who are bonded, they must have a clear picture of the individuals history. Surety Bond Underwriters will consider the following when determining the premium to be paid by an applicant:

May I suggest the Template:Cleanup? Aresilek (talk) 02:36, 3 May 2015 (UTC)