Surety Matters

Our blog covering the latest in bonds and insurance
License & Permit Bonds 03.27.2020

Governor Murphy Launches Statewide Closure of all Non-Essential Retail Businesses

On March 21, 2020, to reduce the risk of COVID-19 to fellow New Jerseyeans, Govenor Phil Murphy released Executive Order 107 instructing all Garden State residents to stay in their homes until further notice. The…
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Governor Murphy Launches Statewide Closure of all Non-Essential Retail Businesses
License & Permit Bonds 03.27.2020

Construction Deemed “Essential” in New York

To help fend off the nascent coronavirus (COVID-19) epidemic, the state of New York has halted all but “essential” statewide services. Gyms, restaurants, bars and various other businesses are closing their doors to comply with…
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Construction Deemed “Essential” in New York
License & Permit Bonds 03.27.2020

COVID-19 Guidance for Current NYSDOT Construction Projects

Due to the New York State Department of Transportation having received numerous requests from the construction industry asking if consultants, contractors, material and service suppliers are deemed exempt from the reduction in workforce requirements from…
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COVID-19 Guidance for Current NYSDOT Construction Projects
Surety Bonds 03.24.2020

Obtain Your I-Bonds® Instantly with Colonial Surety Company

As the majority of Americans gradually transition to working remotely, you may be left wondering how your business will be able to meet deadlines and execute projects in this new normal. We at Colonial Surety…
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Obtain Your I-Bonds® Instantly with Colonial Surety Company
Cyber 03.23.2020

The Great Data Heist: The 21st Century’s Biggest Data Breaches

As we move further into the 21st century, cyber attacks and data breaches are becoming more and more prevalent. Personal information, including social security numbers and private email exchanges are becoming publicly available thanks to…
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The Great Data Heist: The 21st Century’s Biggest Data Breaches
License & Permit Bonds 03.21.2020

What to Do When Purchasing a Car Without a Title

When purchasing a novel vehicle, you must confirm it is the correct make and model at an affordable price for your budget. Just as importantly, you must make sure the car’s valid title is encompassed…
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What to Do When Purchasing a Car Without a Title
Cyber 03.20.2020

43% of Data Breaches Victims Are Small Businesses

The 2019 Verizon Data Breach Investigation Report, which tracked 41,686 security incidents from 86 countries and 73 different data sources, including 2013 total data breaches, has been released and states that small businesses were the…
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43% of Data Breaches Victims Are Small Businesses
License & Permit Bonds 03.19.2020

Freight Broker License Requirements

Freight brokers must obtain a license by the Federal Motor Carrier Safety Administration (FMCSA). The license, known as Motor Carrier Operating Authority or MC Authority, allows people to officially operate as a freight broker. Freight…
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Freight Broker License Requirements
Contract Surety 03.18.2020

When Contractors Over or Underbill

Over or underbilling by a contractor can be a big problem for obtaining your bid and performance bonds from your surety bonding company. According to generally accepted accounting principals, contractors should report earnings based on the percentage…
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When Contractors Over or Underbill