The Magnitude of License and Permit Bonds During COVID-19

Amidst the current epidemic, trepidation and uncertainty is at an all-time high. Solidifying trust between company and consumer is absolutely critical to support business operations. One of the best ways to nurture customer satisfaction and trust is for a business...

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What is a License & Permit Surety Bond?

License and permit surety bonds are a specific type of surety bond required by federal, state, and local government agencies to ensure that a business stays in compliance with all applicable laws and regulations. Sometimes called "commercial bonds" or even just...

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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 more people need licenses and...

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Intestate Succession, the Administrator’s Role, and Purpose of an Administrator Bond 

When someone dies without a will — a legal status called dying “intestate” — the state steps in to decide who inherits what. Understanding how that process works, who oversees it, and what protections are required is essential for families,...

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Open for Business: Surety Bond vs. Liability Insurance?

Starting out in a new business is exhilarating, but it comes with the dual responsibilities of complying with the law and protecting yourself professionally. While juggling compliance and protection, one of the most common points of confusion for new professionals...

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Supersedeas and Appeal Bonds

Though in some jurisdictions, the terms supersedeas bond and appeal bond are used interchangeably, other jurisdictions distinguish between the terms. Generally, a supersedeas or appeal bond enables the losing party in a civil litigation case to defer payment of the...

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Sales Tax Bonds Explained

  When you’re in business to sell, chances are good that you are required to report and file the applicable sales taxes with your local and state governments. As a guarantee that you will do so, sales tax bonds are...

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License Bonds Explained

  It’s common for government agencies to require professionals from different fields to obtain a license bond as a requisite toward licensure. Read on for everything you need to know about license bonds, from the purpose they serve, to how...

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Employee Dishonesty Bonds Explained

  Employee dishonesty bonds are an important component of risk management plans for many types of businesses. Sometimes referred to as fidelity bonds, employee dishonesty bonds, just as the name implies, protect businesses from dishonest acts by employees. Here is...

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Motor Vehicle Dealer Bond?

  When you are destined to sell cars, the road ahead requires surety bonds that meet the specifications of the Department of Motor Vehicles (DMV) in the state you’re operating in. Business experts say It can be tricky to obtain...

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