Featured Surety Bond Articles
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!
How COVID-19 Has Impacted the Shift to Online and Telemarketing Business Services
While most of these digitization trends have been in play for years or even decades, the novel coronavirus outbreak has caused a rapid acceleration in the growth of online and telemarketing business services.
What Is a Federal Maritime Commission Surety Bond?
Quickly find out about FMC surety bonds required for OFF and NVOCC licenses for some...
Everything You Need to Know About Home Improvement Contractor Bonds
Find out why home improvement contractor bonds are essential for becoming a licensed...
What Is a Probate Bond?
A probate bond -aka fiduciary bond- is a type of surety bond for probate courts that...
Recent Blogs
Payment Bonds vs. Performance Bonds
These two types of surety bonds are typically purchased together, but they perform two different and equally critical functions.
Essential Requirements That Every Credit Services Organization Needs
What are the key steps to take and factors to be aware of starting a credit services organization?
Everything You Need to Know About Executor and Administrator Bonds
Executor bonds and administrator bonds are frequently required as part of the probate...
Ultimate Guide to Janitorial Bonds: What They Are and Why Your Business Needs One
Janitorial service bonds are a type of surety bond -fidelity bond- that protects a...
3 Ways California Construction Contractors Can Protect Their Income
California construction contractors often experience payment issues for a variety of...
FAQ
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.
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.
For Freight Brokers
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?
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
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?
Quickly get your head around the differences between the FMCSA requirements to get your freight broker license.
For Contractors
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
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
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!
What's the Difference? A General Contractor vs. A Construction Manager
General contractors and construction managers might seem to have similar jobs—but actually how similar are they?
For Auto Dealers
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
Thinking about opening your own car dealership? Learn about how to navigate the process, get your bond, and get your license.
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.
Finding an Honest Used Car Dealer
What does it take to find an honest used car dealer that you can trust to sell you a great vehicle?
For the Medical Industry
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)
DMEPOS Medicare providers must enroll with the CMS before they can bill for covered Medicare services
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?
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
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?
These surety bonds are all either required or recommended for Ohio businesses.
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.