DEP Third Party Insurance Requirements for Underground Storage Tanks
In various states, the Department of Environmental Protection (DEP) requires either an insurance policy or financial assurance, which can be an insurance policy, letter of credit, or a surety bond, to protect underground storage tanks from possible sudden accidental...
Subdivision Bonds — Part 1
A land subdivision is when a developer takes a piece of raw land with nothing on it, and divides it into smaller pieces or lots, presumably to build homes. The lots can become other things, but typically it is intended for homes. Let’s say you have a one-acre...Bonding Agencies and What to Look For [VIDEO]
What is the most important characteristic to look for in a bonding agency? In my opinion, attention to detail. Having to go back and reserve the liens because someone was careless is a waste of your time, money, and effort. Neil Pedersen PEDERSEN & SONS SURETY...