Surety bonds play a vital role in many business activities from licensing requirements to contract protection in all 50 states, but how much do you know about surety bonds? Continue reading “How Much Do You Know About Surety Bonds? [QUIZ]”
Tag: Surety Bonds
Everything You Need To Know About Private School Surety Bonds
If you’re currently operating a private school or plan on opening one in the future it’s essential that you understand what private school bonds are and how they impact your business. Continue reading “Everything You Need To Know About Private School Surety Bonds”
Commercial vs. Contract Bonds
Commercial surety bonds and contract bonds serve a similar purpose in that both types of bonds provide protection for one of the parties named in the bond, but they also have unique purposes that are tailored to the industries they are used in. Continue reading “Commercial vs. Contract Bonds”
What You Need to Know About Executor Bonds
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”
Top Surety Bond Myths
Surety bonds are often misunderstood both by the business who needs a bond and the person or entity trying to make a claim against one! We’ve highlighted the top three surety bond myths to help you understand how surety bonds work:
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”
Electronic Surety Bonds
Have you heard of the new electronic surety bonds? Feeling a little confused about what this means for your business? Don’t worry; our guide to electronic surety bonds can help you stay on top of your business surety bond needs! Continue reading “Electronic Surety Bonds”
Surety Bonds Vs. Letters of Credit
Surety bonds and letters of credit are both used to manage risk and provide a form of financial guarantee for the people and organizations your business works with. If you’re not sure whether a surety bond or a letter of credit is a better choice for your business needs we’re here to help you understand your options!
Everything You Need to Know About Oil and Gas Bonds
If you own a business that operates in the oil and gas industry you’ve probably already heard of surety and gas bonds. Whether you’ve had experience acquiring a bond before or this is your first time our oil and gas bond guide can help you understand everything you need to know about these types of surety bond.
Continue reading “Everything You Need to Know About Oil and Gas Bonds”
How Surety Bonds Benefit Business
Surety bonds can often feel more like an annoyance than something that can help your business, but there may be benefits to bonds that you haven’t thought about! In fact, surety bonds actually have a much bigger impact than the reach of a single bond.