Author: Viking Bond Service

Cybersecurity is one of the greatest risks facing today’s businesses. Just consider that 43% of all cyberattacks target small businesses, and the average attack costs $200,000. More than half of small businesses experienced a breach in 2018, and 60% went out of business within 6 months. Cyberattacks can bring down any organization, which is why cyber liability insurance exists. It’s quickly becoming a standard part of an institutional insurance portfolio. In this piece, you’ll learn why.

Continue reading “How to Cover Your Business in the Event of a Data Breach”

Michigan legalized medical marijuana sales in 2008 and recreational sales in 2018. Since becoming legal, sales have surged throughout the sate. In just the second quarter of 2019, Michigan dispensaries sold over 11,000 pounds of marijuana translating to $65 million in revenue. Entrepreneurs across the state are understandably excited about what this industry has to offer, but there are some important requirements that must be met before you set up a business. If your new venture requires a Michigan marijuana bond, this is your quick and easy guide.

Continue reading “What to Know About a Michigan Marijuana Bond”

Here’s an interesting data point from the industry experts at the Auto Alliance: The average American vehicle is 11.6 years old, but the average vehicle in Oklahoma is just 10.1 years old. According to the data, Oklahomans replace their cars and trucks more often than the average person, making this a great state for auto sales. In fact, the auto industry accounted for almost $25 billion of sales in 2018 alone and employed over 73,000 people. If you’re eager to jump into this booming industry, you need an Oklahoma auto dealer bond first. This guide will show you exactly how to get one.

Continue reading “Steps to Get Your Oklahoma Auto Dealer Bond”

The average person produces 4.51 pounds of waste per day according to the Environmental Protection Agency, adding up to over 260 million pounds of trash per year across America. Ensuing that this refuse gets sent to the proper location instead of just being dumped anywhere and everywhere is the job of waste haulers. They are truly unsung heroes. They are also savvy business people because as long as they have a waste hauler bond they’re allowed to haul waste commercially, which can be a lucrative opportunity. Read on for a complete rundown of what to know about a waste hauler bond for someone interested in joining the industry.

Continue reading “What You Need to Know About a Waste Hauler Bond”

According to the travel experts at AAA, 55 million Americans took a trip to celebrate the Thanksgiving holiday in 2019. With plenty of festivities still left to celebrate, millions more people will take to the skies to visit loved ones and embark on getaway adventures. As a travel agent, you help your clients enjoy the best vacations possible, taking care of the details so that they can focus on enjoying themselves.

Continue reading “Why Travel Agents Need an ARC Bond for the Upcoming Holiday Season”

In fiscal year 2018, the US Customs and Border Protection Agency (CPB) collected more than $40 billion worth of duties on more than $2 trillion worth of imported goods. Duties are an important source of revenue for the federal government, which helps to answer the question of why do importers need customs bonds? But if you are one of those importers, you probably want to learn more about why this bond is needed and how much it costs to maintain — or not have. Read on to get the answers.
Continue reading “Why Do Importers Need Customs Bonds?”

Did you know that the average American consumes 10,972 kilowatthours (kWh) of electricity each year according to the US Energy Information Administration? Electric utility companies across the country are responsible for generating all that power, and it’s a big job. Utility deposit bonds are a tool these companies rely on to ensure they have enough revenue to generate the power we all expect to have. In this piece, we will explore what utility deposit bonds are and how they work, and also help you figure out if and when you need one.

Continue reading “What Are Utility Bonds and When Do You Need Them?”