Please read our blog about a wide variety of insurance topics. Please feel free to ask us any questions.
Surety Bond Cost and Benefits
Posted: January 23, 2012
Bonds play a major role in today's market. Bonds become more essential in construction industry for completion of their construction projects. Underwriting bonds involve great risk. But the surety company will write these bonds for the benefit of their customers. If bonds have been underwritten, it has following benefits. - The obligee gets a guaranteed performance of the contract from the principal and the surety....
Surety Bonds
Posted: October 2, 2011
Surety bond plays a major role in the development of the economy. In every business environment surety bonds are the most needed requirement to fulfill their aspects in a correct form. Nowadays, trends have been changed and people want to compile their requirements legally. So, every obligee requires their business to be done legally. Surety bond explains the essential factors and their requirements in the...
Probate Bond
Posted: October 2, 2011
Definition of a Probate Bond When an individual dies, that person has most likely left property and assets to be distributed. This property is referred to as an estate. Frequently, another person will oversee the distribution of the property and assets to the heirs of the estate. In order to provide certain protections to the heirs of the estate, this person must post a probate...
Motor Vehicle Dealer Bond
Posted: October 2, 2011
The main purpose of issuing surety bond, i.e. motor vehicle dealer bond is that it protects the public against the default act of obligator or the dealer to the obligee. MVD bonds can be called in different names like motor vehicle dealer bond, motor vehicle bond, DMV bond, used car dealer bond and in many other names. Motor vehicle dealer surety bonds fetches good demand...
Fidelity Bonds
Posted: December 5, 2010
A fidelity bond is a form of protection that covers clients for losses that they incur as a result of fraudulent acts by specified individuals. It usually insures a business for losses caused by the dishonest employees. An assurance is generally purchased by an employer to cover employees who are entrusted with valuable property or funds. While called Fidelity bonds, Dishonesty Bonds, these obligations to protect...