Month: June 2016

The infographic, “Facts about License and Permit Bonds”, describes all about the license and permit bonds. License and permit bonds are usually categorized as commercial bonds. They are basically a guarantee that a person or organization will perform according to the law, regulation or terms of the agreement. Please go through the given infographic to know more about the license and permit bonds. read more

There are a number of online companies that claims to offer the best surety bond quotes. Make sure to choose a surety bond agency that represents the most surety companies as they will have the most options for you. Important points when selecting a surety bond agency: Make sure that your surety broker or agent works with multiple surety companies/carriers. This will help you to find the best possible price and terms for your bond. Look for a specialist in surety bonds, versus an insurance read more

Surety bonds are used to guarantee the performance and financial responsibility of a business or person. Businesses with activities involving agricultural products may be required to be bonded by their clients or respective government authorities. If the business fails to comply with the terms and conditions of the contract or regulations, the bond will protect the harmed parties from financial loss up to full bond amount. Some of the major types of agricultural bonds are: Warehouse bo read more

An Alcoholic Beverages bond or Liquor Tax Bond is a guarantee to the obligee (usually a government entity requiring the bond) that the principal (the entity selling the alcohol) will pay all the taxes associated to the sale of alcoholic beverages. If the principal fails to fulfill their obligations as outlined in the regulations, the obligee can ask the surety company to recover the unpaid taxes. An alcoholic beverages bond is required for those who are engaged in any business involving alcoho read more