Texas conduct bonds belong to a class of surety unattractive to primary market insurance companies. Surety One, Inc., is a BOND ONLY organization committed to providing surety bonds and fidelity bonds to ALL applicants regardless of the obligation. In addition… Continue Reading →
Yes, it is here and it is LAW. Article 4.1 of Chapter 18 of Title 38.2 of the Virginia Code, effective January 1st, 2013, requires all public adjusters to obtain a Virginia public adjuster bond in the amount of $50,000. The bond… Continue Reading →
We are VERY proud of our new website design! The entire team at Surety One, Inc., had input. How do you create a site that works for surety professionals and equally easy to navigate if you are NOT a surety… Continue Reading →
Chief underwriter and CEO of Surety One, Inc., C. Constantin Poindexter has been awarded the Re Scholar certificate by the Reinsurance Association of America (RAA). Mr. Poindexter is one of only SIXTEEN individuals worldwide to have earned this honor. The… Continue Reading →
After years of pressure from environmental groups the State of Alabama has passed into law a requirement for companies that offer waste treatment and/or maintain waste facilities, landfills, etc., to obtain a surety bond to file with the Alabama Department… Continue Reading →
ERISA Sections 3(37) and Sec. 4001(a)(3)), define a multi-employer plan as a collectively bargained plan maintained by more than one employer, usually within the same or related industries, and a labor union. These plans are often referred to as “Taft-Hartley plans”…. Continue Reading →
An appeal bond is required of appellants (both defendants and plaintiffs) after entry of a judgment in a civil lawsuit in most cases. An “appeal” is a formal request for either review or trial de novo. Generally, the appellant appeals because he… Continue Reading →
A final surface transportation bill will be signed by President Obama this week, and will become law. Among other mandates, the bill increases the minimum bond required of freight/transport brokers. The freight broker surety bond minimum will change from the… Continue Reading →
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 →
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 →
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