Month: November 2016

A court may require a fiduciary bond for a person or party that has fiduciary responsibility to another. A fiduciary bond is a legal instrument that protects the beneficiaries, heirs, and creditors in the event when a fiduciary fails to perform honestly and proficiently. A fiduciary can be a personal representative, financial adviser, trustee, executor, administrator, guardian, or anyone who is appointed by the court to exercise control over another person’s or business' assets or property. Co read more

Commercial surety bonds are usually required by the government, legislation, or other entities from individuals or businesses. Below are some of the types of commercial surety bonds: Continue reading Three Types of Commercial Surety Bonds read more

A public official bond is a guarantee that the public official will perform their duties and responsibilities faithfully. The bond is issued to protect the interests of consumers and taxpayers. Usually required by the state, the bond is an instrument by which a surety agrees to pay up to a fixed sum of money in case the officer does not faithfully execute the duties of his or her office. Continue reading Why Public Official Bonds Are Required read more