A bank depository bond is a surety bond purchased by a bank to guarantee the safety of a depositor’s funds and their availability for withdrawal as indicated in the terms of the deposit agreement. While depository bonds can be procured… Continue Reading →
If you have any experience with ERISA plan bonding, then you know how tough it is to place an ERISA fidelity bond for a labor union. In fact, most ERISA bond applications specifically state, “not to be used with union… Continue Reading →
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New cleaning and maintenance company owners are often asked, “Are you bonded?”. Being “bonded” means that you have purchased a fidelity policy (also known as a dishonesty bond) to cover your company. This special coverage offers protection to home and… Continue Reading →
Did you forget that you must have a bond for your defined benefit plan? Have you been out of compliance for months or MORE!??? Retro-dating ERISA bonds presents unique underwriting concerns for surety underwriters however, we have a solution for… Continue Reading →
Suretyship is associated with insurance as most sureties are property/casualty insurance companies however a surety’s method of operation involves underwriting practices which more closely resemble banking than insurance. Insurance is a contract between two parties, the insured and the insurer…. Continue Reading →
May 14th through the 17th, we’ll be in Chicago at the Reinsurance Association of America’s ReBasics course and conference. What is it all about? Here’s the course description, . . . “Demystifying Reinsurance: A Basics of Reinsurance is a comprehensive overview… Continue Reading →
Every month we endeavor to share with our partners and clients, the worst bond obligations that come into our office. We post those surety bond forms in a special location within our web server which you can visit here https://suretyone.com/ShitBond1.php We… Continue Reading →
Coal companies will have to post higher reclamation bonds for surface mines under an emergency rule filed by the State Energy and Environment Cabinet. The rule is effective immediately. “The state has been discussing the issue of inadequate bonds for… Continue Reading →
Because bid bonds as small, usually 2.5% to 10% of the total project proposal, it would seem simple for a surety company to just just charge a fee and issue them. So why don’t we write them freely? The answer… Continue Reading →
Inevitably, petroleum companies specializing in horizontal drilling or hydraulic fracturing, also known as “fracking“, will find their way into every state where shale or other gas-rich deposits may be located. Many states and municipalities have taken actions to regulate this… Continue Reading →
We receive on average fifty requests per week for Texas motor vehicle title bonds. Most applicants are unsure about what bond amounts are needed. Generally, the bond must be equal to or greater than the fair market value of the… Continue Reading →
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