Surety Bond Expert Advice

August 29, 2016 by · Leave a Comment 

What’s type of appeal bond does Georgia require? Are there restrictions on surety bonds? When is a surety bond mandated by a state? Finding answers to those questions and more can turn the surety bond process into something friendly, professional, and great. Consider a surety bond expert as your personal guide. They will work hard to make sure everything is handled properly.

How to Determine Which Bond Is the Right Bond

Image of a clay figurine with a green check mark representing a bond expertWith surety bond mandates happening at the state and court level, determining which surety bond is the right bond can be difficult. A surety bond expert helps clients understand their options. Being able to count on a surety bond expert takes away the headache of applying for bonds.

You can trust a surety bond expert to have done their homework. They know how to handle state restrictions, court guidelines, and any other special requests.

Offering Fast Service

The lawyer-trained staff at Jurisco knows first hand that timeliness is important in surety bond. A court bond, such as a plaintiff or defendant bond, needs to meet court requirements and the court deadline. That’s why Jurisco offers same day surety bond service.

Surety bond experts know how to deliver the best bond possible without any time delay. It’s part of what makes them a surety bond expert. Jurisco is proud to be able to offer this service to clients in all 50 states.

Low Rates Despite Bad Credit

One issue that surety bond experts encounter often is dealing with bad credit. A low credit score can impact the ability to receive a low surety bond rate. Jurisco works to change that by giving bond experts the flexibility they need to deliver the best bond and best rate possible.

Complete Coverage

Working with a surety bond expert at Jurisco gives clients the confidence they need to know their surety bond offers complete coverage. Being well versed in every state’s surety bond requirements allows bond professionals to secure the correct bond for every situation.

Want to speak to a surety bond expert? Contact Jurisco at 800.274.2663 to learn more about the different surety bonds, bond rates, and the bond application process.

Surety Agreement Provides Protection

January 20, 2016 by · Leave a Comment 

A surety agreement is another name for a surety bond providing individuals, companies, communities, and states with protection. There is a wide range of surety agreements.

Types Of Surety Agreements

surety agreementA surety agreement can be used in court with either a plaintiff surety bond or defendant surety bond. These bonds cover actions taken by either party to protect the other against harm from an unlawful action.

Businesses may be required to secure a surety agreement before operating within in a state. These are referred to as permit and license bonds. An example is the California requirement of a seller of travel bond in order to offer services as a travel agent.

The final type of surety agreement is probate and fiduciary. Again this is a type of surety agreement covering actions that may impact innocent parties. An administrator bond represents this function since it covers all involved parties against the mishandling of an estate.

Why States Trust A Surety Agreement

States turn to surety agreements to protect residents and consumers. Requiring a business to obtain a bond helps keep businesses in compliance. It also holds them more accountable for when things go sour.

Right now in West Virginia and Wyoming state leaders are working to resolve the bankruptcy of one of America’s largest coal companies, Alpha Natural Resources. Since the company used self-bonds instead of secure surety bonds there is now $655 million in unsecured reclamations.

West Virginia is working to move the company from self-bonds to a surety bond. Wyoming isn’t making the same kind of push. Meaning any reclamations and clean up projects have to be funded a different way.

Speak With A Surety Expert

A surety bond expert at Jurisco will take the time to answer any questions about different agreements. They can also explain surety bond rates and how they are calculated.

Jurisco serves all 50 states with a firm understanding of individual state requirements. Contact Jurisco today to discuss the necessity of a surety agreement.

Administrator Bond in Illinois

April 15, 2013 by · Leave a Comment 

Administrator Bond in IllinoisAdministrator Bond in Illinois are written to protect beneficiaries and creditors of an estate . The fiduciary is mandated by the State and local ordinances often add on to those requirements laid out there-in. Making an administrator bond necessary for personal representatives affects all types of estates whether they are in the big city of Chicago or the suburbs of Waukegan. This makes administrator bonds one of the most common types of surety bonds Jurisco writes for clients in Illinois.

An administrator bond, also referred to as an executor bond or personal representative bond, is required because the State wants to protect the integrity of an estate. Executors carry a great responsibility when finalizing the decedent’s estate. Not only must they notify all beneficiaries, creditors and debtors to the estate, but handle all financial loose ends.

The courts name administrators if they are not named in the person’s last will and testament. There are situations where a person’s last will and testament will waive the requirement of having a bond (for example, when the personal representative is a close relation). However, the court may exercise its power and still mandate the action.

Why is an Administrator Bond in Illinois necessary?

  • A personal representative could fail to pay taxes thereby creating a personal debt to the government.
  • The executor could be drawing out the closure of an estate costing creditors and beneficiaries time and money.
  • Months after the closing of the estate a new beneficiary may come forward and demand payment.

Those are only a few scenarios in which administrator bonds can protect the estate. Like other surety bonds, an executor bond is made for protection. The court wants to ensure the estate and all parties involved have proper recourse should things go awry.

A surety bond expert at Jurisco can discuss the writing process and the cost associated with administrator bonds. Our application process is quick and simple. You may even fill out an online application or we can fax one over. Should you have any additional questions about administrator bonds feel free to contact Jurisco, right now.

Appeal Bonds in Montana

February 8, 2012 by · Leave a Comment 

Appeal Bonds in MontanaMontana nears the top of the list for adventurers wanting to explore open spaces and look up at endless skies. It is unlikely that Montana tops the list when appeal bonds come to mind. However, an appeal bond may be necessary in the Treasure State even with its mountain scenery. Today, Jurisco discusses appeal bonds in Montana and when this surety bond comes into play.

What is an appeal bond?

An appeal bond, also referred to as supersedeas bond in Montana, is a surety bond meeting the appellant’s requirement to cover the responsibility of the judgment during the appeal process. The courts mandate bonding to prevent the plaintiff from a financial loss, as well as to deter the defendant from stalling the payment of the judgment.

Do all Montana courts require this surety bond?

Montana courts mandate the protection of both the defendant and plaintiff from an unlawful loss. Even with this mandate, however, other arrangements outside an appeal bond may be satisfy this mandate. In certain scenarios, the plaintiff and defendant can agree to the appeal process and waive the necessity of a surety bond. The court must approve this agreement to waive the surety bond mandate.

How much will an appeal bond cost in Montana?

Appeal bonds in Montana are typically equal to the court judgment; however, this could also be double the amount. The Montana court will set the final amount. A Jurisco surety bonding expert can help write an appeal bond at a low cost despite bad credit, judgment cost and financial assets.

 
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