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Surety Bond Information Center


Featured Surety Bond Articles

What is a Surety Bond?

What is a Surety Bond?

Learn the surety bond basics with an easy-to-read overview of surety. You'll be an expert in no time!

9 Things to Consider When Buying or Selling a Yacht in Florida

9 Things to Consider When Buying or Selling a Yacht in Florida

From choosing a broker with a Florida yacht broker license to conducting your sea trial, these key tips will help you buy or sell your yacht in Florida.

Everything You Need to Know About the Surety Underwriting Process

From surety bond parties to premium rates, the surety underwriting process...

A Dentist's Guide to Understanding DMEPOS Bonds

What is a surety bond for a DMEPOS provider, and do dentists need to obtain...

How COVID-19 Has Impacted the Shift to Online and Telemarketing Business Services

Businesses are adapting to COVID-19 by expanding their online offerings and...

Recent Blogs

What Is a Fidelity Bond and How Do I Get One?

What Is a Fidelity Bond and How Do I Get One?

To provide a legal and financial guarantee of fidelity and honesty, many businesses use fidelity bonds, but what is a fidelity bond?

Five Must-Have Types of Insurance for Construction Companies

Five Must-Have Types of Insurance for Construction Companies

There are 5 types of insurance policies that are essential in every construction project as they offer wide coverage to protect construction firms and help minimize their risks.

How to Become a Public Adjuster

Wondering how to become a public adjuster? We’ll take a look at this...

45 States Allowing Remote Online Notarization

Remote online notarization is increasingly popular. Learn about RON...

New Alabama $50,000 Surety Bond Requirement for Auto Dealers

Per Alabama House Bill 392 (AL HB393) a new $50,000 surety bond requirement...

FAQ

What is a fidelity bond?

A fidelity bond protects an employer from losses due to employee-dishonesty, or fraudulent acts, such as theft of monies or securities.

What is personal indemnity?

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.

Who prepares my surety bond form?

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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For Freight Brokers

Key Differences Between Freight Brokers and Freight Forwarders
Key Differences Between Freight Brokers and Freight Forwarders

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.

What Is a Federal Maritime Commission Surety Bond?
What Is a Federal Maritime Commission Surety Bond?

Which types of businesses are required to obtain surety bonds from the FMC and what businesses can expect when obtaining an FMC bond.

How to Become a Freight Broker
How to Become a Freight Broker

With a booming consumer-driven economy and an eCommerce landscape that’s growing at lightning speed with no signs of slowing anytime soon, there’s enormous demand for all things transport in 2019.

What's the Difference Between a BMC-84 and BMC-85 Freight Broker Bond?
What's the Difference Between a BMC-84 and BMC-85 Freight Broker Bond?

Quickly get your head around the differences between the FMCSA requirements to get your freight broker license.

For Contractors

A Contractor's Guide to Overcoming Unforeseen Struggles Caused by COVID-19
A Contractor's Guide to Overcoming Unforeseen Struggles Caused by COVID-19

5 strategies to help contractors mitigate COVID-19 distruptions.

Why Every Construction Business Needs These 8 Essential Bonds and Insurance
Why Every Construction Business Needs These 8 Essential Bonds and Insurance

Bonds and insurance are an essential part of getting your contractor business up and running.

Payment Bonds vs. Performance Bonds
Payment Bonds vs. Performance Bonds

These two types of surety bonds are typically purchased together, but they perform two different and equally critical functions.

Steps on Getting a California Contractor's License
Steps on Getting a California Contractor's License

Become a licensed contractor in the state of California with the help of Surety Bonds Direct. Read this guide for step-by-step info on how to go about getting licensed the right way!

For Auto Dealers

Everything You Need to Know About Motor Vehicle Dealer Bonds
Everything You Need to Know About Motor Vehicle Dealer Bonds

Motor vehicle dealer surety bonds provide protection for customers, creditors, and governments.

How to Get a Motor Vehicle Dealer's License
How to Get a Motor Vehicle Dealer's License

Thinking about opening your own car dealership? Learn about how to navigate the process, get your bond, and get your license.

New Alabama $50,000 Surety Bond Requirement for Auto Dealers
New Alabama $50,000 Surety Bond Requirement for Auto Dealers

Alabama HB393 sets out new licensing requirements, fees, and increases the surety bond requirement to $50,000 for new and used Alabama Auto Dealers.

How to Get a Car Dealer's License Without a Lot
How to Get a Car Dealer's License Without a Lot

If you're just starting out in the car business a dealership without a lot might be an option for you.

For the Medical Industry

How to Get a Medical Marijuana Business License in California
How to Get a Medical Marijuana Business License in California

The cannabis industry continues to grow into a major force in the California economy.

Why You Need a Durable Medical Equipment Suppliers Bond (and How to Get It)
Why You Need a Durable Medical Equipment Suppliers Bond (and How to Get It)

DMEPOS Medicare providers must enroll with the CMS before they can bill for covered Medicare services

A Dentist's Guide to Understanding DMEPOS Bonds
A Dentist's Guide to Understanding DMEPOS Bonds

Everything you need to know about getting a DMEPOS surety bond for your dental practice, from the general basics of surety bonds to how to apply for and file a DMEPOS bond.

2020 Guide to Medicare (DMEPOS) Surety Bonds and State Medicaid Surety Bonds
2020 Guide to Medicare (DMEPOS) Surety Bonds and State Medicaid Surety Bonds

Federal and state governments often require suppliers and other providers who bill Medicare and Medicaid for DMEPOS items.

For Probate Court Matters

What Is a Probate Bond?
What Is a Probate Bond?

Probate courts often require executors, administrators, trustees, and legal guardians to obtain surety bonds to ensure that appointed individual upholds her/his fiduciary responsibility.

Everything You Need to Know About Executor and Administrator Bonds
Everything You Need to Know About Executor and Administrator Bonds

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.

What Is a Guardianship Bond?
What Is a Guardianship Bond?

These surety bonds are all either required or recommended for Ohio businesses.

Surety Law: The Legal Concepts Behind Surety Bonds
Surety Law: The Legal Concepts Behind Surety Bonds

Without a firm understanding of the foundational concepts of surety bonds, a business's legal obligations may not always be clear.