Month: May 2018

Also known as a debt collector bond, a collection agency bond is a type of surety bond required from collection agencies. The bond is a promise that the agency will follow the rules and regulations of the industry. If the agency defaults on these rules, a claim can be made against the bond. This bond assures that the agency has the state’s approval for ethical and professional practices. Continue reading Collection Agency Bonds read more

A fuel tax bond is a type of surety bond required by fuel sellers to get licensed. The bond guarantees thatthe fuel tax payments will be met and to protect the state’s interests. If the fuel seller does not pay taxes on selling, trading, mixing, or distributing fuel, the state can file a claim against the bond. Continue reading Fuel Tax Bonds read more

A lost securities bond is a type of surety bond thatprotects a person or company when they have lost, misplaced, or damaged a security bond, stock certificates, payment check, insurance policy or other important documents. The bond is required by a bank or a financial instrument transfer agent who agrees to pay the original owner the value of the lost bond. Continue reading Lost Securities Bonds read more

How can you ensure that a public official will act ethically and responsibly? How can you be sure that a public figure is keeping the public’s interest as a priority? Public official bonds are required to hold certain positions, which guarantee that if a public official does not act honestly and fulfil their responsibilities, they will have to pay the penalty for it. Public official bonds are usually required by states, cities, school districts, sheriff departments, court offices, federal gove read more

The Healthcare sector is a vital industry in the U.S. Almost every hospital and nursing home uses the services of a supplier for their medical equipment and supplies. However, medical facilities must make sure the supplier they work with are credible and reliable. This includes their experience in the industry, the quality and legitimacy of their equipment,their services, and more. To do this, these suppliers must secure a Medicare & Medicaid bond before operating their business. Continue re read more

There are many different situations where the court may require you to secure a bond. One of the common bonds are a court & fiduciary bond, which guarantees that a fiduciary who is acting on someone else’s behalf will do so responsibly and within the terms of their agreement. If you are a beneficiary, you must show this bond to the court to file your claim against the fiduciary. Continue reading Court and Fiduciary Bonds read more

Public officials, such as mayors and judges, take an oath to protect the public’s interest from fraud or unethical practices. However, what is put into place to make sure these public figures adhere to their oaths? Public official bonds are issued by a reliable surety company and guarantee that the public official will fulfill his or her responsibility sensibly, and according to the needs of the public. Continue reading Public Official Bonds: What They Are and Who They Protect read more

Healthcare is one of the most important industries in the country. Medicare and Medicaid services are the driving forces of the industry. Aside from the healthcare professionals providing services to patients, there are suppliers who provide medical equipment to hospitals, doctor offices, private practices, and more. These suppliers must secure Medicare and Medicaid bonds before they can officially sell their equipment to healthcare facilities. Continue reading Why Suppliers Have to Secure a Med read more

A court & fiduciary bond legally transfers the ownership of a property to a fiduciary temporarily.This is the most common type of court bond that serves as a transfer of ownership. This bond is necessary before a caretaker can manage a property until the actual owner returns. This ensures that the process is legal, transparent, and does not affect the rights that the owner has to their property in any way. Continue reading The Importance of a Court and Fiduciary Bond read more