What You Should Know About Public Official Bonds

There are certain professions that require bonding, especially those in a public office. Most of these come under the public official bonds. Today one can buy public official bonds online. Here are a few things you should know about this bond: It is required of public officials As the name suggests, public official bonds are required of public officials. It is meant to ensure that public officials discharge their duties faithfully. Officials who are required to purchase these bonds include read more

How to Buy an Alcoholic Beverage Bond

If you are dealing with alcoholic beverages, be it selling, storing or acting as a dealer, you will need to be bonded in order to get a license. The state asks for a bond to ensure there are financial penalties for violating any legal provisions regarding the trade of alcohol. You can buy the bond from an alcoholic beverage bond agency. To buy the bond, you should: Research the kind of bond you need: Alcoholic bonds differ by state and the state agency that you will be required to submit t read more

What You Need to Consider When Buying Cyber Risk Insurance

With the prevalence of technology and our dependence on it, buying cyber risk insurance is imperative for any business. However, you do need to consider the following points before buying it: Assess your risks: Before you start the process, assess the risks your organization typically faces. There is no point in paying additional coverage for factors that have no impact on your business. You can get an expert for the evaluation. Coverage: You can buy comprehensive coverage or get an extens read more

6 Things to Know before Buying Medicare Bonds online

Also known as DEMPOS bonds, Medicare Bonds are required by the Centers for Medicare and Medicaid Services or CMS. It is designed to reduce instances of fraudulent billing to Medicare. You can buy Medicare Bonds online. Here are a few things you should know about Medicare Bonds: - It is a requirement of all suppliers of durable medical equipment, prosthetics, and orthotics that intend to bill Medicare. You don’t need to buy the bond if you are not billing Medicare for the equipment. But keep read more

All about Utility Deposit Bonds

Utility deposit bond Florida is a type of commercial bond that is required from businesses or homeowners by utility companies to ensure that there is no delay in paying utility bills. The obligee here is the utility company and the principal is the homeowner or business. If there is a breach in the conditions of the bond, the principal and the surety will both be liable for paying the compensation. Who needs utility deposit bonds? Not everyone needs a utility deposit bond. Homeowners or in read more

How to Buy Surety Bonds Online

Buying a bond is very easy these days, thanks to the internet. You can simply shop around and find the best surety bonds online that meet your requirements. But this must be done carefully. Determine the type: You have to first decide the type of bond that you need to buy. It will be part of the license, permit or contract that you are trying to obtain. Some industries have more than one bond. For instance, alcohol bonds depend on the nature of the trade and the state. Before anything else, y read more

What You Should Know About Alcoholic Beverage Bond

If you are applying for a license to engage in the manufacture, warehousing, or sale of alcoholic beverages, you will have to get an Alcoholic Beverage Bond. In this case, the obligee is the government agency that collects taxes on alcohol and the bond guarantees the payment of state or local taxes. The regulations concerning taxes and the handling of alcohol differ from one state to another. The name of the bond differs from one state to another The Alcoholic Beverage Bond is known by many read more

Medicare & Medicaid Bonds — FAQ

Also known as DEMPOS bonds, CMS bonds, and DME bonds, Medicare & Medicaid Bonds are required by the Center for Medicare & Medicaid Services from businesses that bill Medicare for equipment. The purpose of the bonds is to reduce fraud in Medicare billing. Who needs Medicare & Medicaid Bonds? DEMPOS bonds are a requirement for businesses that bill Medicare and deal in durable medical equipment, prosthetics, orthotics, and other equipment. Why do we need these bonds? Medicare read more

Public Official Bonds [Infographic]

Why We Need Agricultural Bonds

Agricultural bonds are required of agricultural packers, marketers, and dealers as per state regulations and the US Department of Agriculture’s requirements. Since these bonds are meant to enforce the rules of the Federal Packers and Stockyards Act, they are also known as agricultural packers and stockyards bonds. The principle here is the agricultural company, while the obligee is the federal or state government. The surety is the company that provides the bond. But why are agricultura read more