Sacramento, CA (PRWEB) October 05, 2012
Surety1 is the low cost provider for customs bonds in the U.S. and has just provided the 500th continuous customs surety bond.
Through its website, http://www.bonds4customs.com, Surety Solutions Insurance Services, Inc. (Surety1) is able to provide the $50,000 continuous import customs bond for the incredibly low price of $259.00 for one year, or $627.00 for a three year term (*subject to underwriting approval).
Surety1 has been providing the activity code 1 – continuous import customs bond for just two years now and just issued their 500th continuous import customs bond. This equates to about 1 customs bond every business day.
Customs & border protection (CBP), which requires all importers to file an import bond in order to clear their entries, even if the goods are “duty free.” The bond guarantees that the importer will pay all import duties, taxes, fines or penalties. The minimum continuous import customs bond is for $50,000. During the first year as an importer with a customs bond, if U.S. Customs has not required the bond amount to increase, then it can be left as $50,000. If customs decides the bond amount should be increased over time, they will send the importer a letter. Megan Tellmann, one of Surety1's customs bond specialists, says "the success in the customs bonds program is the result of providing great service at a great price, we are customs bond experts at Surety1."
It is important to understand that a continuous import customs bond does not protect the individual or business; it guarantees U.S. Customs that all financial and legal regulations will be properly followed by the individual or business owner. This includes the surety company guaranteeing payment of any valid claim against the bond.
The continuous import customs bond offers coverage up to a penal sum of $50,000 for the entire year that the bond is effective. Therefore, this bond must be renewed annually if the individual or business continues to import goods into the U.S. The bond is continuous unless terminated with Customs. Surety Solutions is the low cost provider of continuous import customs bond without compromising customer service.
Surety Solutions Insurance Services, Inc. is an independent insurance agency based in Rancho Cordova California, specializing in the placement of surety bonds and other specialty insurance products. For more information on obtaining a $50,000 continuous import customs bond, you can contact Surety Solutions through its website, http://www.surety1.com, by calling toll free, 877-654-2327 or e-mail, info(at)surety1(dot)com.