Surety Bond Updates Across the United States

surety-bond-updates-across-united-states

For many business owners in the US, surety bonds are essential in helping their business grow and stay compliant with all state and federal regulations. Whether you operate a business that requires you to maintain a license or permit bond or intermittently need a contact bond to cover specific projects, it’s vital that you stay up to date with surety bond requirements in every state that your company conducts business in. Continue reading “Surety Bond Updates Across the United States”

Surety Bonds Required for New Jersey Real Estate Appraisal Management Companies

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As of November 11, 2017, any business operating as a real estate appraisal management company in New Jersey was required to have a surety bond in place to become officially registered with the Real Estate Appraiser Board. Continue reading “Surety Bonds Required for New Jersey Real Estate Appraisal Management Companies”

Study Shows the Long-Reaching Economic Value of Surety Bonds in Canada

canada surety bond study

The Canadian Center for Economic Analysis recently published the results of a study, conducted on behalf of the Surety Association of Canada, on the economic value of surety bonds in the country. CANCEA studied 150,000 bonded projects completed by 10,000 construction firms over the last 20 years to assess the impact these bonds had on the economy of the surrounding area. The study highlighted 5 key important findings: Continue reading “Study Shows the Long-Reaching Economic Value of Surety Bonds in Canada”

What You Need to Know About Executor Bonds

executor bond

For most people the first time they’ll hear about an executor bond is when a friend or loved one who has named them as an executor to their will passes away. An executor bond can be required by the will documentation or by state regulations, if this is the case the executor will be required to get a surety bond in order to carry out their role as the will executor. Continue reading “What You Need to Know About Executor Bonds”

How Surety Bonds Protect Consumers

How Surety Bonds Protect Consumers

If you’ve ever visited a bar, bought a car, purchased a home, or worked with a contractor you’ve probably been protected by a surety bond. People often don’t realize that many of the businesses they use are required to have a surety bond. So why is this? State licensing requirements are designed to protect both the state and consumers from improper and unethical business activities. Continue reading “How Surety Bonds Protect Consumers”