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A surety bond is part credit, part insurance that serves as a guarantee to ensure the fulfillment of obligations as specified in a legally-binding contract. Who are the people involved in a surety bond? A surety bond consists of a three-way party. Each party involved has a distinct role and responsibility with one another. …
What is a Surety Bond: Parties, Types, Requirements Read More »
Although it is a scenario most of us would not like to confront, elderly abuse does happen, and it can come in many forms. Placing a family member in hospice care can be an emotional experience for many of us, and the last thing we want to think about is the fact that someone would …
Patient Trust Bond: Whom They Protect and How They Work Read More »
As the population in the United States continues to grow, land and property issues are increasingly becoming a common occurrence. Whether it is highway construction or something more, there are many reasons why government agencies will exercise the right of Eminent Domain to secure the property. If that private property is taken for public use …
Condemnation Bonds: Protecting The Rights Of Landowners Read More »
How do Surety Bonds act as the best consumer protection tool ever? Surety Bonds as Consumer Protection I always find it interesting that few people know the definition of a surety bond. Enclosed in this article is essential information about how a surety bond works and how they protect the consumer. There have been countless …
A construction development project can be a high-risk endeavor and requires a carefully developed plan of action to ensure the terms promised will be executed correctly and fairly for all parties involved. When starting a construction development project, the earlier construction claims prevention methods are discussed, the easier it will be to mitigate the situation …
Construction Claims Prevention: How To Protect Yourself From The Start Read More »
Your Surety Bond May Expire on December 31: Surety Bond Renewal Reminder It’s that time of the year again when many of the surety bonds are nearing expiration and need to be renewed. Just a reminder, as the Christmas holiday nears, many surety bonds are also scheduled to expire on December 31 so be sure …
Construction surety bonds serve a multitude of purposes, from reinforcing building standards to ensuring payments are made in full in regards to a specified contract. While it is true there are a variety of reasons for specific surety bonds, it is not widely known that some surety bonds are actually put in place to benefit …
Construction Surety Bonds: How They Benefit The Environment Read More »
Surety Bond Authority Launches Company to Make Surety Bond Process Simple November, 30th, 2016 – Woodland Hills, CA Surety Bond Authority, Inc., announces the launch of our new Surety Bond Company. Initially, Surety Bond Authority is offering its services in California, with plans to expand nationwide. “I’ve been working with the surety bond industry virtually …
As a consumer, are you truly aware of what types of laws or bonds have been put into place to protect you? At some point or another, most of the businesses you shop at are required to agree to a surety bond to legitimize their business. So how exactly do these bonds affect you? There …
How Do Surety Bonds Protect Consumers: A Consumer’s Guide Read More »
Unless you’re an expert, what you think you know about surety bonds may not be that accurate. There are a lot of myths and misconceptions out there. However,surety bonds are not nearly as expensive or confusing as many may think. If you are in the market for a surety bond, we want to dispel some …
