Why We Need Public Official Bonds

Public officials, especially officials in positions of power, or in possession of sensitive information, are required to obtain a public official bond. This bond is essential for registration and licensing and is required to ensure that such officials do not exploit their position in an unfair manner. Public official bonds are required from public servants such as Federal, State and local officials, tax collectors, treasurer officials, court clerks, judges, mayors, public notaries and officers o read more

License & Permit Bonds

License & Permit Bonds are required by a state or municipal body when granting licenses to practice a specific activity or business. The bond ensures that the purchasing party will follow the rules and regulations of the state and imposes penalties for failure to comply. In cases of misconduct or fraud, a complaint can be levied against the bond. There are many types of License & Permit Bonds. Some of these bonds include: • Mortgage Bonds • Auto Dealer Bonds • Contractor Li read more

Utility Bonds – Their Use, Need and Why Buy Them Online

Surety bonds have multiple applications across different sectors. One of the most important among those sectors is utility. That covers just about everything we use at home, including electricity. As a response to COVID-19 restrictions, it is also possible to buy utility deposit bonds online. People who use electricity have to produce a utility bond to assure them that they will keep paying utility bills as usual. If they do not, they are considered defaulters, while the surety companies pay the read more

Buying Surety Bonds Online in Times of COVID-19

Surety bonds today find their application just about everywhere. If you want a construction project, you need a surety bond. If you want to contest a court case, you need a surety bond. If you are starting a new business, you need a surety bond before you get the investment. Its applications are plenty and in every field around us. Most people buy their bonds by visiting their trusted companies directly. However, did you know that you can also buy surety bonds online just as effectively? The read more

Top Reasons for Procuring a Medicare & Medicaid Bond

If there is one sector that has the maximum risk due to COVID-19, it is the healthcare. There is a risk in just about everything and for everyone who works in this sector. That includes people who are at the forefront and deliver critical medical services but also vendors and suppliers of prosthetics, orthotics, and other supplies. So, procurement of assurance documents like Medicare & Medicaid Bonds becomes all the more important for everyone. What Are These Bonds A Medicare & Medic read more

Looking to Get a Court & Fiduciary Bond – Read This First

Court and fiduciary bonds are far more important than you realize. These bonds are necessary for everyone undergoing legal procedures to ensure that they are completely integral and credible. The courts mandate these since they make sure that everyone obliges and fulfills the tasks as needed during the case. Bonds also make sure that in an event that a party defaults, the other party doesn’t suffer a loss. How Do These Bonds Work? In practice, courts & fiduciary bonds are mostly needed read more

Here’s All You Need to Know about ERISA Fidelity Bond

ERISA, or Employee Retirement Income Security Act, came into being in the year 1974. This act basically protects the rights of employees working in private organizations for pension and other employee benefits. The United States Department of Labor oversees its enforcement in the country. Employees of different sectors across the country often report fraud and forgery happening to their benefit plans. ERISA fidelity bond was devised to protect their rights in such events. These bonds further en read more

Surety Bonds and All You Need to Know About Them

We all know what insurance is and how it works. We need it to cover our financial losses in different scenarios. However, not everything can be covered under insurance. This holds true in the case of work contracts which normally don’t receive insurance coverage. For them, it’s a surety bond that provides the much-needed financial protection. But what are surety bonds exactly? Surety bonds are a form of a binding contract between two parties, with a third party issuing the bond. The firs read more

Top Reasons You should be Looking for Medicare & Medicaid Bonds [Infographic]

Role of License and Permit Bonds [Infographic]