Every ten years the American Institute of Architects (AIA) updates its contract documents to address changes in the industry. With the last document changes made in 2007 it came as no surprise when the AIA issued new base documents in May 2017. One of the biggest and most significant changes to the documents for the surety industry was the removal of article 11 from contract A201-2007, this article covered the insurance and bond requirements of contractors. Continue reading “AIA Contract Documents – What’s New for Surety 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”
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:
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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”
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 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!
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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.
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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.
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As an immigration consultant you play an important role in helping people make their dreams of moving to the US come true. You offer the support and understanding potential immigrants need to complete all of the necessary paperwork and submit their application. You help make the process easier by translating forms and gathering supporting documentation. You provide an invaluable service. Unfortunately some unscrupulous people who act as immigration consultants take advantage of this position of power over vulnerable people, that’s one of the main reasons why all immigration consultants are required to obtain an immigration consultant bond.
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Cosmetology school bonds are required in many states if a person or business wants to operate a school that offers training in the cosmetology field. A bond must be acquired and kept active for as long as the school is in operation. You might be wondering why cosmetology school bonds are necessary. They’re actually designed to financially protect the students that attend these schools. Having these bonds in place ensures that a student either receives the tuition they paid for or financial compensation should the school fail to provide the agreed upon education. Let’s take a look at some of the key facts about cosmetology bonds:
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