Our Blog - Surety Matters

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…
Read Moreabout What is a Surety Company?

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…
Read Moreabout Collateral Security: The Surety’s Power

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…
Read Moreabout Your Bond Might Not Be an ERISA Bond

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…
Read Moreabout How the Contract Surety Industry Functions

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…
Read Moreabout What is Contract Surety Underwriting?

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…
Read Moreabout Florida Probate Court Personal Representative Bond Requirements

As the construction industry has rebounded since 2008 and continued to grow to this day, the biggest concern in the industry is finding dependable, qualified resources, specifically subcontractors, to work with on new and ongoing…
Read Moreabout How to Make Sure Your Subcontractors Finish Their Work

Plans can very easily come under threat. Whether it’s from larceny, forgery, embezzlement, or misappropriation, theft, and fraud are unfortunate facts of plan administration. So how do you protect your plan against those threats of…
Read Moreabout Why Does Your Plan Need an ERISA Fidelity Bond?

Nearly every New Jersey school needs to provide some sort of transportation to get students to and from school. But what are the requirements of contracting student bus and transportation services in New Jersey? And…
Read Moreabout How to Contract Student Bus Services in New Jersey