An adult at some stage of his (or her) game ponders his choice of profession and what if any contribution that he makes to the body common, his world, his family, etc. It’s easy to get caught up in the day-to-day… Continue Reading →
Construction is a risky business. Contractors know it and so do surety bond companies. Bob Tita, reporter for the Wall Street Journal recently authored an article discussing the current materials cost challenges facing the sector (Costs Raise Riskiness fo Project… Continue Reading →
Janus Assurance Re is a direct source of bond capacity for international obligations that require surety support. Janus will consider contract surety applications lesser than or equal to ten million U.S. dollars and commercial surety applications no greater than five… Continue Reading →
For decades a North Carolina general contractor license bond has been out of reach for the large majority of license candidates have not been able to obtain bonding for lack of financial statement strength and because of the onerous terms… Continue Reading →
We’ve been reporting for years that there is a great deal of non-compliance with ERISA bond requirements. Our advice has always been that regardless of your plan size, number of participants or your opinion about exemptions for your plan, it… Continue Reading →
Fling an ERISA bond is a fiduciary duty required by the Employee Retirement Income Security Act of 1974 (ERISA), with few exceptions. The bond must be issued by a surety company that appears on the U.S. Treasury’s circular of insurers acceptable… Continue Reading →
A fidelity bond for a standard qualified, non-qualified, ESOP, MEP and an ERISA bond for a 403(b) plan (with an exception for certain church-sponsored accounts) is required to comply with the Act (ERISA). Per the U.S. Department of Labor’s circular,… Continue Reading →
ERISA bond underwriters have generally avoided the fidelity bonding of multiemployer plans (MEPs) due to perceived risks with collective bargaining agreements and plan management responsibilities. Not to be confused with a “multiple employer” plan, an MEP is a plan for which… Continue Reading →
Virtual currencies may suffer downturns and enjoy spectacular increases in value however there is no question that crypto is here to stay. Businesses that trade in these mediums will come under regulatory control and licenses will inevitably be required. Classified… Continue Reading →
Cyber risks rise for commercial cannabis operators daily. A recent article by Don Jergler (Insurance Journal, May 2021) has made some really important observations about cyber risks associated with the management of commercial marijuana establishments. Said Jergler, “A lot of… Continue Reading →
As vaping becomes more popular, vaping product surety bond instruments and insurance coverages will appear to support the risks of the industry. Many states have already instituted regulations that govern the conduct of vape dealers and distributors. Much like hookah… Continue Reading →
Most insurance agents are independent entrepreneurs, self-motivated and eager to achieve success in their chosen profession. That independent streak is the same characteristic that can create blind spots when planning for and delivering a broad menu of insurance products. A surety… Continue Reading →
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