The jury announced their verdict and the judge has already ruled in favor of your ex-business partner. He will get your entire business. The business that you worked hard for. You felt that the decision was clearly on … Continued
If you ever find yourself trying to decipher whether surety bond and insurance are the same, this post will give you the right resolution. SPOILER ALERT: No. They are not the same. There has been a long-standing misconception … Continued
There will come a time in a person’s life wherein he or she will be in need of a surety bond producer. Just like the types of surety bonds, the number of surety bond producers are aplenty. … Continued
Why should I learn about the terms and conditions of a surety bond? Isn’t this the job of a surety or an underwriter? Yes, it is. But in the spirit of transparency, we feel that our potential clients and existing … Continued
“Most people say that it’s the intellect which makes a great scientist. They are wrong: it is character.” Those are the words of the genius that was Albert Einstein. He was not only able to figure out the law of … Continued
In April of this year, the honorable Governor of Kentucky signed House Bill 261. The said bill contains several changes, one of which pertains to the surety bond requirement of surface coal mining and reclamation operations permit applicants. In the … Continued
Every surety seeks zero problems in all of the commercial bonds that they issue. But suretyship isn’t perfect. Nobody is. Mistakes can happen. And that’s why surety bond claims are made. Since the surety is the one who practically … Continued
Making Obtaining One Easier Than Ever Before Even for High-Risk Applicants Los Angeles, CA, June 13, 2018 — Today, Surety Bond Authority officially introduced its DMEPOS Bond service to all 50 States. A surety bond is required of every … Continued
Yes, the principal can. A surety permits the principal to make changes to the surety bond. The principal can have an information updated, corrected, or modified even if the bond is still in effect. Let’s say, for example, you … Continued
Signing an indemnity agreement is a standard procedure when obtaining a surety bond. It is second to the last step in the bond process – just right before the bond is issued. As the word suggests, indemnity means protection or … Continued