Government agencies of respective locations (at the local, state, and federal levels) mandatecommercial surety bondsthat require every new and licensed business owner, such as a contractor or liquor store owner) to have a commercial surety bond. The commercial surety bond is further divided into 3...
The Obligee:The party requiring the bond to protect against loss or non-performance. Typically, a government agency or a client. The Surety:The surety bond company that backs the bond and provides the financial guarantee to the obligee on behalf of the principal. ...
the surety bond compensates for the loss resulting from the non-performance of the act. Typically, these bonds guarantee the completion of government contracts, address losses related to litigations, or safeguard firms against dishonest employees. Moreover, they ...
ERISA Bond: Are You Compliant? ERISA 12.06.2024 Progress: Plan Fee Transparency According to the nonpartisan Government Accountability Office (GAO), the push for disclosing the fees associated with 401k plans over the past ten years is benefitting both participants and plan sponsors. Important wo...
There are hundreds of bonds that are needed for many different purposes, which makes determining which one is right for you difficult. Use our tool below to find the bond you need, obtain a free quote, get an instant price estimate or learn more about your requirements.Do...
You have work to do and waiting on a bond should not hold up the job. We provide surety bonds for even the most difficult of risks, often reducing costs—giving your company the freedom to build more, faster. Our tenacious market approach often enables us to solve complicated surety ...
Step 1: Determine Need for Surety Bond Let’s say a business owner (the principal) moves to Georgia and wants to start a small business in the construction industry. They decide they want to be a general contractor. However, Georgia (the obligee) dictates they need a general contractor lic...
Learn more or purchase a: NJ Electrical Contractor License Bond (Cost is $50. for the Three Year Term) Employee Dishonesty Bond Guarantees against the dishonest acts of employees. Guarantees to the employer for the dishonest acts of employees. If an employee steals money from the employer and ...
Learn more or purchase a: NJ Electrical Contractor License Bond (Cost is $50. for the Three Year Term) Employee Dishonesty Bond Guarantees against the dishonest acts of employees. Guarantees to the employer for the dishonest acts of employees. If an employee steals money from the employer and ...
California Insurance Commissioner Dave Jones has approved the first surety bond program for the cannabis industry in the California. Continental Heritage Insurance Co. is the first insurer in the state to be approved to offer surety bonds for the cannabis … ...