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When conducting a surety bond, collateral is routinely utilized to protect the surety bond company from potential loss. This article will describe the different types of collateral that are typically utilized for surety bonds. Also, we will discuss some pros, cons, and other issues related to using each type of collateral. It may help to …
The Ultimate Guide to Understanding Surety Bond Collateral Read More »
You’re here because you’ve probably been asked to obtain a California injunction bond, looking for some information about it, or just simply curious about what it is. Whatever your reason is, you’ve come to the right place…or site. This post will provide you with detailed information about an injunction bond that is specific to the …
In California superior courts, the person who lost a lawsuit has the right to appeal. The said party will be referred to as the “appellant”. The appellant will then request the appellate court (California Court of Appeal or the appellate division of the superior court) to determine if there are any prejudicial errors – mistakes …
If you check out all the different types of surety bonds that we offer, you’d quickly notice that there’s a single factor shared by all when it comes to bond cost: credit score. You’ll see statements like “If you have a stellar credit score, you will be eligible for a low bond premium” and “If …
When trying to understand what a surety bond is, a simple search will give you its definition, the different types of surety bonds, and the parties involved – Principal, Obligee, and Surety. There are some things about surety bonds that are just as important but are rarely talked about. So today, we’re going to focus …
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 wrong, so you decided to file an appeal. But it doesn’t end there. In order to stop …
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 about their similarity, mainly because they both provide security. Add to that fact is the issuer of …
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. For first-time surety bond buyers, choosing which one to go for can be a tedious task. Even seasoned …
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 clients should understand the terms and conditions as well. By having a good understanding of …
Understanding the Terms and Conditions of a Surety Bond Read More »
“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 the photoelectric effect (which makes solar panels and digital cameras possible), he also discovered and …
