Supply Bonds [VIDEO]
When you have a contract to supply certain items, a supply bond guarantees the buyer that the purchased items will be supplied. If the items are not delivered or the quality is not satisfactory, the supply bond provides the buyer with a means of recourse. Please give...
The Importance of Insurance Coverage for Bonds
Today I want to talk about the importance of insurance coverage and help you understand when an insurance policy provides or requires the insurer to indemnify a surety company for a bond on behalf of their insured. It is important to know if there is a policy that...
Third Party Indemnity Related to Court Bonds
There are times when a client needs to obtain a bond and is unable to do so. In cases like these, a third party could be willing to guarantee the bond. This would require the third party to execute an Indemnity agreement with the surety in addition to the bond...Courts Reopening: Get Those Bonds Prepared Now [VIDEO]
The COVID-19 pandemic closed non-essential businesses, restaurants, and courts. Now that the curve is flattening, courts are reopening, but the line of attorneys trying to file things will be out the door. This blog discusses the advisability of preparing bonds now so...