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Our blog covering the latest in bonds and insurance
Surety Bonds 01.17.2019

As the Economy Grows, More License & Permit Surety Bonds Needed

Non-farm employment rose by 312,000 in December 2018 with job gains occurring in health care, food services, construction, manufacturing, and retail, according to the U.S. Bureau of Labor Statistics. With more people employed, it means…
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As the Economy Grows, More License & Permit Surety Bonds Needed
Court Bonds 01.15.2019

Federal Rules of Civil Procedure Now Allow 30 Days for Appeal Bond

Effective December 1, 2018, several changes to the Federal Rules of Civil Procedure were enacted, including rules mandating electronic service and filing for persons represented by counsel, establishing a national signature standard for electronic filing…
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Federal Rules of Civil Procedure Now Allow 30 Days for Appeal Bond
Contract Surety 01.02.2019

Funds Control in Contract Surety

Construction projects and contract surety come bundled with an assortment of risks, ranging from inability to meet deadlines to poor workmanship to workplace injuries. But one of the biggest risks of a construction project isn’t…
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Funds Control in Contract Surety
Surety Bonds 01.02.2019

What is a Surety Company?

Surety bonds are either written by individual surety companies or subsidiaries or divisions of larger insurance companies engaged in the business of acting as a surety. These companies are authorized to do business by the state…
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What is a Surety Company?
Surety Bonds 12.21.2018

Collateral Security: The Surety’s Power

The indemnity agreement is the foundation of the surety bond. It’s what separates surety from insurance: the agreement functions as a mechanism to have the principal repay the surety for any claims paid out to…
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Collateral Security: The Surety’s Power
ERISA 12.20.2018

Your Bond Might Not Be an ERISA Bond

The ERISA Act requires that every person who handles employee benefit plan assets or funds as well as any plan fiduciary be bonded with an ERISA fidelity bond. Those bonded must be bonded for at…
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Your Bond Might Not Be an ERISA Bond
Contract Surety 12.14.2018

How the Contract Surety Industry Functions

It’s tough to come up with an overarching description of the contract surety industry. Like the insurance industry its products so resemble, the industry is cyclical. The industry also has a long tail, meaning that a…
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How the Contract Surety Industry Functions
Contract Surety 12.14.2018

What is Contract Surety Underwriting?

When you try to purchase a bid or performance bond, it has to go into “underwriting” before you can actually receive your bond. So what exactly is contract surety underwriting and what goes into the…
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What is Contract Surety Underwriting?
Court Bonds 12.13.2018

Florida Probate Court Personal Representative Bond Requirements

Here’s something you probably didn’t know: when you’re named as a personal representative in a Probate Court case in Florida, the court requires you to purchase an estate bond to protect interested persons in the…
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Florida Probate Court Personal Representative Bond Requirements