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La Fianza en la Construcción

Por medio de la fianza, contratistas pueden acceder al mercado de obras públicas y proyectos más grandes, así mejorando sus ofertas y rentabilidad. Un artículo por el  licenciado Israel O. Alicea, se trata del mismo “Todo sobre las fianzas en proyectos… Continue Reading →

Performance Bond Claim, the Bonding Company Steps In

Construction is an inherently risky business. Even the best general contractor can experience difficulties. For that reason surety bonds are required on large and public projects. A performance bond generally guarantees that a general contractor (the “principal”) will complete a… Continue Reading →

Fidelity Bond Could Have Covered $3mn Dishonesty Loss

A fidelity bond (commercial crime coverage) is generally an inexpensive insurance protection when unexpected losses occur due to employee theft. A recent case example was reported by Matthew LeBlanc of the Journal Gazette. “An Auburn man, his sister and her… Continue Reading →

An ERISA Fidelity Bond and Multi Employer Plans

Pursuant to Federal Code (ERISA) and the Rules promulgated by the U.S. Department of Labor for implementation of the Employee Retirement Income Security Act of 1974, each and every employee benefit plan except for very few exceptions must purchase and… Continue Reading →

Hemp Producers Should Prepare for Surety Bonds

The Hemp Farming Act of 2018, part of the larger Farm Bill effectively ended the prohibition on hemp cultivation, marketing and distribution. The Hemp Farming Act reverses a prohibition that has stood since the Marijuana Tax Act enacted in 1937,… Continue Reading →

Pawnbroker Surety Bond

Pawnbrokers are considered a form of financial institution and are regulated as one. A pawnbroker surety bond is currently required by approximately twenty states and many municipalities. Generally the surety bond amount is small and guarantees only that the pawn… Continue Reading →

Is a Fidelity Bond Really a Surety Bond?

The answer is simple, . . . no. A fidelity bond is not a surety bond. It is commercial crime insurance. The purpose of insurance is to transfer specific risks of an insured to an insurer in exchange for the… Continue Reading →

Financial Statements for Contract Surety Bonding

A financial statement is the most important data source for the surety bond underwriter. Although there are a myriad of factors that influence the contract surety bonding underwriter’s judgment of a contractor’s qualifications (financial and otherwise), the financial statement is… Continue Reading →

Georgia Hemp Processor Surety Bond & License 2019

Recent legislation and the delisting of hemp from the federal drug control schedules has prompted the legalization of hemp cultivation in Georgia, although the activity will be tightly restricted at inception. A Georgia hemp processor surety bond will be required…. Continue Reading →

DMEPOS Surety Bond Now Required for Dentists

As of the new year 2019, the Center for Medicare and Medicaid Services will require dentists that provide durable medical equipment and which participate in a CMS billing program to file a DMEPOS surety bond with the Center. Currently the… Continue Reading →

Surety One, Inc. de Puerto Rico ~ Surety Bonds para 2019

Con suma alegría por la gracia de la amistad y lealtad de nuestros estimados clientes, socios y allegados queridos, Surety One, Inc. de Puerto Rico ha gozado de un año estelar. Nos alegra de sobremanera el hecho que hayamos podido… Continue Reading →

Mississippi Lottery Bond

On August 31st, 2018, the governor approved Senate Bill 2001, referred to as the “Alyce G. Clarke Mississippi Lottery Law” to be effective September 1st, 2018. The new statute establishes the Mississippi Lottery Corporation (MLC). Proceeds from the lottery will… Continue Reading →

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