What is a Surety Bond?
Click here to get a Surety Bond A surety bond may be required for a range of activities including gaining a contractor’s license to appealing a court case to obtaining a mortgage broker license. But…
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Ontario’s New Construction Act Brings Contract Surety Changes
Ontario’s Bill 142, the province’s new Construction Act, is the largest set of new construction rules the province has seen in 35 years. With the first part of the Act in effect in July 2018, we wanted to…
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What Even Lawyers Don’t Know About New York Surrogate’s Court
The Surrogate’s Court in the State of New York hears cases involving the affairs of decedents, the administration of estates, the probate of wills, and adoptions. But did you know that even lawyers don’t know…
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ERISA Advisory Council Recommends New DOL ERISA Bond Guidance
In a November 6, 2018 ERISA Advisory Council report, the Council recommended the Department of Labor (DOL) issue new ERISA fidelity bond guidance after evaluating current DOL regulations and guidance. In the report to Secretary of Labor…
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So You Need a Surety Bond
So you’ve just been told you need to purchase a surety bond. That’s all. No specifics were given regarding your profession or court case or industry. Well, it turns out that surety bonds come in…
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The Bond Compliance Program for Pension Professionals
Keeping track of every plan sponsor’s ERISA fidelity bonding status can be tough. No matter how many plans you are in charge of, it is difficult to remember what is what with information the spread…
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How Much ERISA Fidelity Bond Coverage Do I Need?
Every person who “handles funds or property” of an employee benefit plan must be covered by an ERISA Fidelity Bond unless they fall under an ERISA Act exemption. But exactly how much fidelity bond coverage…
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Receiver Bonds: What You Need to Know
A receiver is a person appointed by the court to receive assets, property, and control of a company pending final decision of a lawsuit. A receiver may be required to obtain a receiver bond to…
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Referee Bonds: What You Need to Know
A referee is a person appointed by a court to sell real estate or other assets at issue in a litigation. A referee may be required to obtain a referee bond to secure the referee’s…
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