Surety insurance is required by states to protect both businesses and consumers. When a company offers to secure travel arrangements, for example, they are required to post a surety bond. This bond is used as insurance that the travel agency will abide by all regulations and not misuse funds entrusted to them for travel purposes. […]
It’s come to your attention that you need a surety bond so you start reviewing surety companies. But what is a surety company anyway and what are they after? What Is A Surety Company A surety company is a recognized and legal provider of surety bonds. Surety bonds are third party agreements that help […]
Surety bond insurance helps in a variety of ways. First, a surety bond protects the interest of all parties and is recognized in courts as a secure measure to meet requirements. For instance, an individual who wishes to appeal the court’s decision and not pay a money judgment until then must provide the court with […]
The right surety agent will always take the time to answer questions about the bond process. When considering which professional surety bond company to hire think about the following three questions and what their answers reveal. Talking About Surety Bonds You expect a baseball player to know baseball. A surety agent should know surety bonds. […]
Professional surety does not happen when you work with just any surety bond company. Choosing the right surety bond professional can make all the difference. What To Look For In A Surety Bond Company The first thing to consider when reviewing professional surety options is figuring out if the company can do what it is […]
A personal bond is a way a defendant in a criminal case can be released on their own personal recognizance without needing to post bail. Court Holds Defendant Responsible For Bond The dangers of using a personal bond instead of posting bail is that the individual is held responsible for the full amount of bail should […]
A notary surety bond legally binds the notary to perform in an above the board manner. Any wrongful actions or mishandling of accounts, such as not securing the correct surety bond, can be cause for a state to take legal action against a notary. A notary has the legal responsibility to abide by all local […]
When a lien is placed on property it can cause big problems. A release of lien bond takes the place of the lien which can help you sidestep a bad experience. Without a release of lien bond you run several risks including: property being seized for payment the fallout of having real property sold at auction […]
Knowing how to get a surety bond is important for businesses, lawyers, and individuals. A surety bond can offer protection on many levels. States require bonds to guard consumers against wrongful business practices. Defendants and plaintiffs in active cases use a surety bond to prove good faith for their actions. And prospective homeowners can even […]