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What Happens When a Contractor Fails to Meet the Obligation? Here’s our latest Surety Bond Industry Round-up, which is a monthly series where we examine current events in the surety bond industry. This month, we curated industry-related news that detail issues related to surety bonds in the construction industry – what happens in case contractors …
Surety Bond Authority Roundup for the Construction Industry Read More »
We sneak a glimpse into some of the typical surety bond fraud and scams and how you can avoid getting conned by choosing a reputable surety bond provider. Various types of scams and fraudulent activities have proliferated across different sectors and industries, and the surety bond industry is no different. Surety bond fraud is not …
Confronting Surety Bond Fraud in the Construction Industry Read More »
A bid bond also called a tender bond, is a type of surety bond posted by a bidder for a construction project to provide assurance to the project owner that the bidder will make realistic bids and take on the job if chosen. Bid bonds provide project owners with assurance that the bidder has the …
Did you know that there is a car wash bond? Yes. In fact, the most prominent places in the United States that require a car wash owner to secure a car wash bond are in California and New York. A car wash bond, as with all surety bonds, aims to serve as a financial compensation …
California Car Wash Bonds – Providing Financial Compensation to Employees Read More »
Did you know that guardians are required to get bonded? It is called a guardianship bond, also known as a custodian bond in some jurisdictions. This type of court bond is a guarantee of performance. It assures the court that the person designated to act as a guardian will perform his or her obligations as …
A Guide to Guardianship Bonds – What You Should Know Read More »
Courts may require surety bonds for practical reasons. Basically, like all surety bonds, court bonds serve these purposes: They guarantee payments of related court costs. They safeguard involved parties in the litigation (usually the obligee, which is opposite the bond applicant). Here are five things you may not know about court surety bonds. Court bonds …
Many states in the U.S. have already legalized medical marijuana including Arizona, Arkansas, New Mexico, etc. States like California and Nevada have legalized marijuana for both medical and recreational use. In several marijuana-legalized states, there are commissions and organizations charged with overseeing and drafting their state’s medical marijuana program established by voter approval. Voters approve …
Medical Marijuana Dispensaries: Surety Bonds for Selling Pot Read More »
Expanding a business to provide more products, goods, and services, not only brings traffic to a store but also directly generates revenue. This is one reason why retail store owners and managers sell lottery tickets to bring in more customers and profits. As a business owner, you may have been considering selling lottery tickets at …
Lottery Bonds – For Fair Ticket Selling and Timely Tax Payments Read More »
LOS ANGELES – April 11, 2017 — Surety Bond Authority, Inc. a leading surety bond company based in California, is now bringing its surety bonds and surety bond consulting services to the State of Oregon. The company will be providing clients direct access to a list of available surety bonds required in Oregon through its website. …
Surety Bond Authority, Inc. Brings Its Surety Bond Services to Oregon Read More »
You may have some pressing questions about Bail Bonds that you want to be answered. Bail bonds are designed for individuals (principal) who have been arrested and who cannot afford (or have the desire) to pay the full bail amount on their own. This type of court surety bond allows the person (defendant/principal) to be …
