Have you heard the latest in the Rite Aid case going on in California? Rite Aid is in need of an appeal bond as a Los Angeles County Superior Court denied the company’s post-trial motions to strike down the $8.7 million jury verdict awarded to a former employee. While Rite Aid attempts to circle the […]
What is an Injunction Bond? Protecting the defendant from being wrongfully enjoined, an Injunction bond covers any damages the defendant may sustain should the court rule the plaintiff’s suit is wrongful. Bond Amounts: Premium is 2% of the bond amount. Minimum of $250 The bond amount will be set by the court. FAQ: Where can […]
What is a Personal Representative Bond? Personal Representative Bonds (also called Administrator or Executor bonds) are a type of surety bond required after an individual’s death to administer final expenses and distribute assets. Bond Amounts: The Personal Representative Bond amounts vary from county to county and are dependent on the value of the estate. A […]
What is an Auto Insurance Bond? Auto Insurance Surety Bonds are guarantees the State of California, and other states, that drivers possess Financial Responsibility, or proof that you have the money to pay damages if you're involved in an accident that causes harm to a person or a person's property. Auto Insurance Bonds are used […]
What is a Guardianship Bond? This surety bond protects a person deemed incapacitated by the court to ensure the guardian does not abuse or neglect the ward financially or physically. Bond Amounts: A Guardianship Bond may be required to guarantee that the guardian will not abuse or neglect the ward financially or physically. The surety […]
What is an Appeal Bond? Required by statute for the appeal of a money judgment, surety bonds guarantee the judgment will be satisfied along with court costs. Surety bond cost varies by state but usually includes a provision for interest. Bond Amounts: Defendants bonds require full collateral in the amount of the bond. We only […]
What is a Sabbatical Leave Bond? A Sabbatical Leave Bond in California are guarantees to institutions that are granting paid leave that the employee on leave will fulfill their work obligation when they return from sabbatical. Bond Amounts: The amount of a sabbatical leave bond is usually set in the amount of total salary payable […]
What is a Lost Stock Certificate Bond? Lost stock certificate bonds are a guarantee to a bank or lender to show that a lost or destroyed financial instrument is not going to be redeemed. Other lost instrument bonds can include cashier’s checks, mortgage notes and more. Bond Premiums and Bond Amounts: Premium is 1% of […]
[vc_row][vc_column][vc_column_text]In order to show compliance with state regulations, a licensed broker must have a sales finance bond guaranteeing their work. This surety bond covers the actions of the seller and financially protects those who enter into business with the seller. Bond Premiums and Bond Amounts: Premium amount is listed on the Rates page. Minimum of […]