Surety Bonds Types

We highlight the key areas your surety provider will focus on and ways to address surety concerns in construction contracts.

Despite rising interest rates and growing recessionary fears, private equity remains a popular class of investment for acquisition and ownership of closely held businesses.

Over the last several years, we’ve all gotten used to uncertainty in the macroeconomic environment. However, one factor has felt certain — it seems that each time central bankers meet, the federal funds rate increases another 25 ‒ 50 basis points. We’re currently experiencing interest rates that are higher than we’ve seen since the 1990s. Many effects, like higher prices at the pump, increased borrowing costs and the cooling of the housing market are immediately apparent to consumers. But these

Becoming A Freight Broker There has probably never been a better time to become a freight broker than now, with the US economy becoming stable and even improving each year, and an increasing need for new brokers in the freight industry. It can be a very rewarding career to be involved in since freight brokers are critical for maintaining the smooth flow of goods all across the country. It's not much of an exaggeration to say that freight brokers play a major role in keeping the economy itself r

Bonded Title If you need to register, insure, or sell a vehicle, trailer, or camper and cannot get a duplicate title from your DMV, check to see if your DMV allows for bonded titles. To obtain a title bond, the asset in question usually must not be abandoned, stolen, or the subject of any current or pending litigation. Since obtaining a bond requires signing legal documents, the information below will ensure that you understand the basics of bonded titles and the surety bonds behind them. If yo

A surety bond is a binding agreement that involves three parties; the principal (the entity executing the contract), the obligee (the person for whom the service is performed), and the surety (the party that underwriting the contract). The agreement protects the obligee from loss as a result of the principal's failure to execute his responsibility. There are two types of bonds; commercial and contract surety bonds. People looking for a local bonding agency should note that commercial bonds are

It's very important to understand how surety bonds work and how claims are filed, especially if you are the individual who is bonded. This is likely to be the case in a situation where you have been required to purchase a license and bond by the state you reside in, as a condition of doing business within state borders. When someone makes a claim against your surety bond, it is a legal action which the obligee in a bond agreement is entitled to take, so as to recover funds which that party may

A tax bond is a type of financial guarantee bond that may be required for your business if you operate in certain areas. Here at Surety by NFP, one of the main products we offer are sales tax bonds. Before you get started on the bonding process, you should be aware of what they are and the many different types, so that you can be well informed and make the best decision possible for your company. For anyone asking themselves "What is a tax bond?," it's a financial guarantee bond that offers sec