Wednesday, September 23, 2020 Many bonds that businesses can buy are designed primarily to protect third parties, such as contractor bonds and performance bonds. An employee dishonesty bond is a type of surety bond that protects the business in case of employee dishonesty. This bond is not required by law or other entities the business may work with. READ MORE >>
Wednesday, September 23, 2020 Many bonds that businesses can buy are designed primarily to protect third parties, such as contractor bonds and performance bonds. An employee dishonesty bond is a type of surety bond that protects the business in case of employee dishonesty. This bond is not required by law or other entities the business may work with. READ MORE >>
Wednesday, September 16, 2020 There are many types of surety bonds available for purchase. Each will apply to different liabilities that various businesses, notably contractors, might have to guarantee before their clients will engage in businesses with them. Most of the time, contractors will need a variety of surety bonds. READ MORE >>
Tuesday, August 25, 2020 Buying and selling cars is a high-stakes transaction. These deals must occur within the boundaries of the law. If someone tries to sell a car illegally or dishonestly, they could face criminal charges. No one has more responsibility to conduct a transaction correctly than a dealership. READ MORE >>
Thursday, July 30, 2020 Unlike when you purchase an insurance policy, a surety bond is not something you pay monthly premiums on in exchange for coverage. Instead, a surety bond is a one-time, lump sum payment that acts as an agreement between three different parties. READ MORE >>
Monday, June 29, 2020When developing a trustworthy business, you have a lot of things to think about. A welcoming working environment and fair billing practices are not the only important impressions to cultivate with your clients. You also must do the work as you promise, particularly when you have contracts that you have to follow. READ MORE >>
Monday, June 22, 2020When signing contracts with clients, you might have to buy surety bonds. They reassure clients that you will meet your contractual obligations or pay up. Contractors have choices of surety bonds. You might need to invest in several to help you meet your appropriate obligations. READ MORE >>
Thursday, May 21, 2020When hiring employees for your business, you take all the necessary precautions to make sure those employees are trustworthy and reliable. Unfortunately, it’s not always clear what will happen once you bring someone into your business. Sometimes, you may have your suspicions about certain employees. READ MORE >>
Thursday, May 21, 2020Surety bonds are useful but confusing, as there are many different types that each serve a different purpose. Some surety bonds may be required, but this depends both on the type of bond and the parties involved. READ MORE >>
Monday, April 20, 2020Performance bonds are typically required for contractors in order to complete a job. A client may hire a contractor for a construction project with the requirement that the contractors enter a performance bond. But what happens when a party violates that bond? First, it’s important to understand the many facets of a performance bond. READ MORE >>
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