Common Surety Bonds:
Learn the surety bond basics with an easy-to-read overview of surety. You'll be an expert in no time!
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Since many private institutions accept tuition weeks or months in advance, the surety bond guarantees that people who paid tuition can be reimbursed if the school unexpectedly ceases to operate
To ensure that New York businesses operate ethically, the state of New York requires many business to purchase surety bonds. Here's a quick guide to some of the most common.
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A fidelity bond protects an employer from losses due to employee-dishonesty, or fraudulent acts, such as theft of monies or securities.
Indemnity is an agreement to provide financial reimbursement to another party in order to offset a loss or damage incurred. Surety companies require the indemnity of the owners of closely held businesses as part of the surety bond application. This ensures that the surety can access personal assets if required for reimbursement in the event of a loss.
Surety Bonds Direct will prepare the required surety bond form on your behalf. The information required on the form will be pre-populated by our systems. In most cases, you will simply need to sign the bond form.
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Many individuals looking for an interesting and profitable career in logistics consider becoming freight brokers.
Understanding what freight brokers do and the role they play in the shipping industry is crucial for anyone who’s considering getting a freight broker license.
Both freight brokers and freight forwarders help arrange the transportation of cargo, but they do it via different methods and occupy different niches in the freight industry.
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These two types of surety bonds are typically purchased together, but they perform two different and equally critical functions.
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Motor vehicle dealer surety bonds provide protection for customers, creditors, and governments.
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Under which circumstances are probate bonds required? Are surety bonds always required?
Probate courts often require executors, administrators, trustees, and legal guardians to obtain surety bonds to ensure that appointed individual upholds her/his fiduciary responsibility.
To ensure that the executor or administrator’s obligations are carried out faithfully, probate courts often require executors and administrators to obtain special types of surety bonds.
We'll discuss the basics of guardianship bonds, including what a guardianship bond is, why many courts require guardianship bonds, and how much you can expect to pay when applying for a guardianship bond.