Surety bond service

4 Mistakes First Time Surety Bond Buyers Make and How to Avoid Them

4 Mistakes First-Time Surety Bond Buyers Make and How to Avoid Them

Leave a Comment / Blog, Business Owners and Surety Bonds, Commercial Bonds, Construction Bonds, Court Bonds, License and Permit Bonds, Performance Bonds, Surety Bond Benefits, What Is A Surety Bond / By

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 often use for buying, let’s say, a bar of chocolate doesn’t necessarily apply to surety bonds. Mistakes do happen when purchasing …

4 Mistakes First-Time Surety Bond Buyers Make and How to Avoid Them Read More »

 California Bill Requires Surety Bond for Personal Lines Broker-Agents

SURETY BOND UPDATE: New California Bill Requires Surety Bond for Personal Lines Broker-Agents

Leave a Comment / Blog, License and Permit Bonds / By

Are you a personal lines-broker agent in California? If so, the California Assembly Bill 1696 requires you to obtain a $10,000 surety bond. The bond should be issued by a California-admitted surety and should be made payable to the State of California.   Why do personal lines-broker agents need a surety bond? Prior to the enactment of the California …

SURETY BOND UPDATE: New California Bill Requires Surety Bond for Personal Lines Broker-Agents Read More »

construction bonds

4 Types of Problems Small-Scale Contractors Face – Which One Are You Currently Having?

Leave a Comment / Blog, Construction Bonds, Surety Bond Benefits / By

The construction industry is expected to experience healthy economic times. Construction spending, for one, continuously grows according to the Department of Commerce. In fact, construction spending grew to $1.257 trillion late last year. Not only that, the Bureau of Labor Statistics confirms that the construction industry is generating substantial employment by opening 30,000 new jobs. That’s great news for many contractors. Small-scale contractors, …

4 Types of Problems Small-Scale Contractors Face – Which One Are You Currently Having? Read More »

Illinois Motor Vehicle Dealer Surety Bond Amount Increase

SURETY BOND UPDATE: Illinois Motor Vehicle Dealer Surety Bond Amount Increase

Leave a Comment / Blog, License and Permit Bonds / By

The motor vehicle dealer law in the State of Illinois has been relatively unchanged for quite some time. But since the 1st of January 2018, newly amended provisions of the Illinois Vehicle Code have taken effect. The changes will include a surety bond increase for new vehicle dealers and used motor vehicle dealer license applicants …

SURETY BOND UPDATE: Illinois Motor Vehicle Dealer Surety Bond Amount Increase Read More »

how to verify surety bond

How can a surety bond be verified?

Leave a Comment / Blog, Business Owners and Surety Bonds, Commercial Bonds, Construction Bonds, Court Bonds, License and Permit Bonds, Performance Bonds, Probate Bonds / By

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 bonding process. Both the Principal and the Obligee need to verify its authenticity in order to prevent …

How can a surety bond be verified? Read More »

Petitioning Creditors Bonds: Insuring Debtors In The Eyes Of The Law

Petitioning Creditors Bonds: Insuring Debtors In The Eyes Of The Law

Leave a Comment / Blog, Court Bonds / By

Unless you are one of the lucky few, it may be safe to assume you have accrued debt throughout your adult life. From student loans to car and mortgage loans, personal debt comes in a variety of different forms. Creditors are any one person or organization owed money from a debtor. If a creditor finds …

Petitioning Creditors Bonds: Insuring Debtors In The Eyes Of The Law Read More »

Alcohol Tax Bonds

Alcohol Tax Bonds: How They Impact Alcohol Vendors

Leave a Comment / Blog, Commercial Bonds / By

If you are currently in the business of or are planning to operate an alcohol vending business in the United States, acquiring an Alcohol Tax Bond is imperative to the success of your business. Although the requirements for alcohol vendors may vary from state to state, Alcohol Tax Bonds serve a universal purpose in ensuring …

Alcohol Tax Bonds: How They Impact Alcohol Vendors Read More »

Your Guide to Freight Forwarding Bonds

Freight Forwarder Bond: Your Ultimate Guide

Leave a Comment / Blog, License and Permit Bonds / By

With the ports of Long Beach and San Pedro readily accessible and serving as a key hub for international manufacturers and domestic importers, freight forwarding is a major industry in Southern California. But before a newly established freight broker begins to handle and move freight through air, land, sea, or rail, they must secure a …

Freight Forwarder Bond: Your Ultimate Guide Read More »

Immigration Consultant Bonds

Immigration Consultant Bonds: Who Needs Them And How They Work

Leave a Comment / Blog, Court Bonds / By

There is no doubt that immigration is a hot topic in the United States right now. As a smart and driven professional, you may have decided that the immigration industry could be a rewarding or lucrative business opportunity. So where do you start? To get the ball rolling, your first order of business should be …

Immigration Consultant Bonds: Who Needs Them And How They Work Read More »