The Three C’s of Surety Bonding
The underwriting process for surety bonds involve researching and evaluating the risk of bond applicants. Though every surety company creates their own diverse criteria and guidelines for underwriting, the same three basic factors are habitually…
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More State Governments Are Investing in Cyber Insurance
As the threat of cyber-breaches continues to climb, so do the number of establishments adopting cyber-security measures. In 2019, roughly half of state governments across the United States protected their business from impending cyber-attacks with…
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Conservatorship in Michigan for Adults Who Become Disabled
Formerly-competent adults in the State of Michigan who lose the ability to take care of themselves properly are often appointed conservators or guardians to care of the incapacitated person and their property. The conservator is…
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Who Do Guardianship Bonds Protect?
When a guardian is told by the court to purchase a guardianship surety bond, they must obtain the bond in order to serve as a guardian. The guardianship bond is providing protection for the ward….
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Why Should You Bond Your Cleaning Business?
When cultivating a new business, your reputation is but a mere seed sown in luscious soil. One way to help nourish your company’s social standing is by taking steps to ensure customer protection and satisfaction….
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What is a Court Bond and How Do You Get One?
Court bonds are surety bonds required to pursue an action in a court of law. The term “court bond” is actually an umbrella term encompassing a multitude of different bonds found in the court system….
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What are Principals and Obligees in Surety?
Whether you’re starting a business, launching a construction project, or entangled in court, you will need a surety bond to guarantee payment from the surety to the obligee if the principal is unable to meet…
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Surety Bond Ensures No Added Construction Costs Despite Contractor Default
A Performance Bond has ensured that no additional construction costs will incur despite a delay caused by a defaulting contractor working on a Reynoldsburg, Ohio fire station. A new Truro Township fire station was set…
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It’s Up to Plan Sponsors to Protect Plan Assets from Cyber Attack
Retirement plan participants and beneficiaries rely greatly upon plan sponsors to manage and protect plan assets for their benefit. But with cyber attacks and data breaches becoming more and more prevalent, a plan sponsor’s responsibility…
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