Wednesday, December 23, 2020Surety bonds are required for many businesses and professionals. It operates differently than an insurance policy, however. Rather than a business owner purchasing an insurance policy and filing claims directly with the insurer in a two-way agreement, a surety bond operates as a three-way agreement between the business owner, client and the surety. READ MORE >>
Wednesday, December 16, 2020When putting together your business’s risk management portfolio, you will naturally need to include commercial insurance as part of your strategy. However, another critical piece of financial protection that you might need is a commercial bond. READ MORE >>
Wednesday, November 18, 2020Surety bonds are required in certain circumstances for different individuals and entities. Most surety bonds must be purchased by individuals and businesses that are required to carry the bond. License and Permit Bonds READ MORE >>
Wednesday, November 4, 2020If you own a moving company or storage facility, then your clients are going to put a lot of trust in you to safeguard their personal property while you have it in your care. You also probably have an obligation to meet their demands according to the contract you signed with them. READ MORE >>
Wednesday, October 21, 2020 What are fidelity bonds? All businesses have an obligation to protect their customers, but they also need to protect themselves. That’s why it is imperative to have the appropriate insurance in place. One critical coverage need of many high-profile business owners is a fidelity bond. READ MORE >>
Thursday, October 15, 2020 No two surety bonds are the same, nor are their prices. Depending on your surety bond and the percentage you are expected to pay, you could pay anywhere between a hundred and thousands of dollars for a surety bond. This is because you do not need to pay the full cost of a surety bond. 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 >>
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 >>
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 >>
|
Blog Archive
|