Who Needs a Sales Tax Bond?

If you’ve been interested in opening up your own business, you may have heard of a sales tax bond. Sales tax bonds play an important role in making sure sales taxes are properly handled. Let’s take a look at some of the basics of sales tax bonds, then dive into who may be required to post such a surety bond. Continue reading “Who Needs a Sales Tax Bond?”

6 Facts to Know About Patient Trust Bonds

Relocating a loved one into a nursing home can be a challenging decision that needs to be handled with care. Patient trust bonds, also known as nursing home bonds, play an important role in the peace-of-mind that nursing home residents and family members have in the care facility that they decide to use. In this post, we’ll explore some of the important factors relating to patient trust bonds, so that your care facility can be properly equipped to support those in need. Continue reading “6 Facts to Know About Patient Trust Bonds”

What is an SDDC Bond?

If you’re a Transportation Service Provider (TSP) who is looking to transport Department of Defence (DoD) freight, you’ll want to familiarize yourself with SDDC bonds. Military Surface Deployment and Distribution Command performance bonds give financial assurance to those looking to hire TSPs for military freight distribution. In this post, we’ll explore some of the basics of this bond so you can gain a general understanding of its purpose. Continue reading “What is an SDDC Bond?”

What’s Brewing in Iowa? New Brewer’s Bond Requirements

In September of 2018, the state of Iowa enacted new surety bond requirements for those looking to craft and sell alcohol in the state. This change primarily affects “Class A” and “Special Class A” beer and wine permit holders in the state. If you’re in the craft beer, wine, or liquor business, you may want to familiarize yourself with these new rules. In this post, we’ll take a general look at these changes, so that you can make sure you’re well equipped to follow the alcohol regulations of the state. Continue reading “What’s Brewing in Iowa? New Brewer’s Bond Requirements”

3 Big Upcoming US Construction Projects in 2019

From high-speed rail lines to towering skyscrapers, 2019 is looking to be a big year for major construction projects around the country. Big-name projects like these involve massive amounts of logistics, funding and brainpower, and can have serious economic and cultural effects. In this post, we’ll take a peek at some of the most impressive jobs that are happening in 2019, so we can see what the future may hold. Continue reading “3 Big Upcoming US Construction Projects in 2019”

Cannabis Industry Insights and Predictions for 2019

The cannabis industry in California is still fledgling, yet many are looking to get a piece of the booming legal marijuana market. From Humboldt County to San Diego, entrepreneurs and big businesses are facing off to claim their stake in the face of many regulatory and economic unknowns. In order to shine some light on what cannabis dispensary trends are taking flight, we reached out to several industry leaders and got their feedback on a range of dispensary-related issues. Continue reading “Cannabis Industry Insights and Predictions for 2019”

Phony Surety Bonds: Horror Stories and How to Spot Them

Faking surety bonds has been a favorite ploy by fraudsters all over the country. Whether they’re used to sell cars without a motor vehicle dealer bond or bid for contractor work with a phony performance bond, these tricks can spell disaster for unsuspecting project owners and customers alike. Let’s take a look at some examples from recent years of phony surety bond scams, and some tips on how to avoid falling for them. Continue reading “Phony Surety Bonds: Horror Stories and How to Spot Them”

New Mexico Announces Rise in Bond Amount for Operators of Oil, Gas and Services Wells

Oil and gas well operators in New Mexico are now subject to the new regulations outlined in Senate Bill 189, which amends the existing Oil and Gas Act. The bill, passed on February 14, 2018, establishes new requirements that well operators must meet to operate in any part of the state.

Continue reading “New Mexico Announces Rise in Bond Amount for Operators of Oil, Gas and Services Wells”

New Licensing and Bonding Requirements for Pennsylvania Nonbank Mortgage Servicers

 

If you’re a nonbank mortgage loan servicer in Pennsylvania and not prepared for the new state licensing rules, you’ll need to get started soon! Governor Tom Wolf signed Pennsylvania Senate Bill 751 into law back in December last year. The bill brings a number of new rules that nonbank mortgage servicers in Pennsylvania will need to follow to operate as mortgage providers in the state.

Continue reading “New Licensing and Bonding Requirements for Pennsylvania Nonbank Mortgage Servicers”

How Insurance Agents Retain Clients By Referring Them To Surety Bond Agencies

While consumers often confuse insurance and surety bonds, agents understand that these products are very different, and each requires an agent with unique skills and experience to secure the best prices. As an insurance agent, it can seem counterintuitive to send your insurance clients elsewhere when they need help securing a surety bond, but you might be surprised to learn that referring your clients to a surety bond specialist can be good for business! Continue reading “How Insurance Agents Retain Clients By Referring Them To Surety Bond Agencies”