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 told … 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
If you’ve been searching for some insight regarding the upcoming renewal of your surety bond, you’ve come to the right place. We’ll give you a clear understanding of the different types of surety bond renewals and extensions. We’ll also discuss … Continued
The short answer is yes. A bail bondsman can refuse to bail a defendant out. It’s a common occurrence in the industry. But there’s more to this than just a simply hunch from a bail bondsman or the current mood … Continued
Many first-time restaurateurs, bar owners, or liquor store owners are confused about the process of obtaining a California liquor license. Yes, both the state, the Department of Alcoholic Beverage Control, and the counties does impose plenty of rules that needs … Continued
The California marijuana industry has been undergoing a series of major changes since the third quarter of 2016. The latest one is the approval of the first surety bond program by the Department of Insurance of the State of California. … Continued
While it’s true that surety bonds are not as intimidating – nor as expensive – as they may seem, it can also be safely said that they’re not the easiest things in the world either. What we meant by that statement is that the same criteria that we … Continued
Much has been said about the key players of a surety bond, the process of obtaining a bond, and the role a surety bond plays in a specific industry or business. However, the issuance of a surety bond is not the final stage in the … Continued
To protect the employees of car wash businesses in the City of New York, the surety bond amount required for the said businesses has been increased. Under the Car Wash Accountability Law, persons who are intending to apply for a … Continued
The 2016 Assembly Bill 2729 introduced new changes for licensing and bonding requirements for oil and gas wells operators in California, which will become effective come January 1, 2018. The Bill has set higher bond amounts for oil and gas … Continued