What You Must Know About ERISA Bonds
ERISA is the acronym for Employee Retirement Income Security Act, enacted in 1974. The legislative intent behind enacting ERISA was to safeguard employees and the concerned beneficiaries from the mismanagement or denial of funds as per retirement plans sponsored by the employer. ERISA bonds are a way that employees and their families can secure their position.
Employers’ failure to provide funds can cause serious losses to the employees. This failure can be due to forgery, wrongful conversi read more
What You Must Know About Collection Agency Bonds
Collection Agency Bonds are a set of Surety Bonds. These bonds specify that you will abide by the rules and regulations stated in your professional license.
A bond claim means that you have omitted to follow the rules and regulations. Anyone can file a claim against your bond. The claim can be made only for the amount covered by the bond. They can file a claim against the bond for discrimination, fraud, theft, manipulation of fees for personal benefit, misuse of the fund, etc. If your bond is read more
How Surety Companies Assess Contractors Before Issuing Surety Bonds
It’s almost impossible to take up any project without securing a Surety Bond. This bond is necessary since it protects the project owner from incurring a loss if you are unable to deliver as promised. The bond also assures them that you (as the contractor) are an experienced professional and can be trusted with their work. Surety Bonds in Tampa Bay are backed by some of the leading Surety Bond agencies. You can check their performance over the years before buying a bond from them.
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Now It’s Easier Than Ever to Buy a Surety Bond Online
Surety Bonds of all types serve one common purpose – to protect parties involved from either of them defaulting from their commitment. If you have been thinking of getting one for your business, now is the time. Go online now and find the right Surety Bond that suits your requirement and business needs.
Buying Surety Bonds Online
If you have never bought a Surety Bond online, you may have some concerns. How good will a Surety Bond be? Will the issuing company be reliable enough? Will the read more
Why We Need Public Official Bonds
Public officials, especially officials in positions of power, or in possession of sensitive information, are required to obtain a public official bond. This bond is essential for registration and licensing and is required to ensure that such officials do not exploit their position in an unfair manner. Public official bonds are required from public servants such as Federal, State and local officials, tax collectors, treasurer officials, court clerks, judges, mayors, public notaries and officers o read more
License & Permit Bonds
License & Permit Bonds are required by a state or municipal body when granting licenses to practice a specific activity or business. The bond ensures that the purchasing party will follow the rules and regulations of the state and imposes penalties for failure to comply. In cases of misconduct or fraud, a complaint can be levied against the bond.
There are many types of License & Permit Bonds. Some of these bonds include:
• Mortgage Bonds
• Auto Dealer Bonds
• Contractor Li read more
Utility Bonds – Their Use, Need and Why Buy Them Online
Surety bonds have multiple applications across different sectors. One of the most important among those sectors is utility. That covers just about everything we use at home, including electricity. As a response to COVID-19 restrictions, it is also possible to buy utility deposit bonds online. People who use electricity have to produce a utility bond to assure them that they will keep paying utility bills as usual. If they do not, they are considered defaulters, while the surety companies pay the read more
Buying Surety Bonds Online in Times of COVID-19
Surety bonds today find their application just about everywhere. If you want a construction project, you need a surety bond. If you want to contest a court case, you need a surety bond. If you are starting a new business, you need a surety bond before you get the investment. Its applications are plenty and in every field around us. Most people buy their bonds by visiting their trusted companies directly. However, did you know that you can also buy surety bonds online just as effectively?
The read more
Top Reasons for Procuring a Medicare & Medicaid Bond
If there is one sector that has the maximum risk due to COVID-19, it is the healthcare. There is a risk in just about everything and for everyone who works in this sector. That includes people who are at the forefront and deliver critical medical services but also vendors and suppliers of prosthetics, orthotics, and other supplies. So, procurement of assurance documents like Medicare & Medicaid Bonds becomes all the more important for everyone.
What Are These Bonds
A Medicare & Medic read more
Looking to Get a Court & Fiduciary Bond – Read This First
Court and fiduciary bonds are far more important than you realize. These bonds are necessary for everyone undergoing legal procedures to ensure that they are completely integral and credible. The courts mandate these since they make sure that everyone obliges and fulfills the tasks as needed during the case. Bonds also make sure that in an event that a party defaults, the other party doesn’t suffer a loss.
How Do These Bonds Work?
In practice, courts & fiduciary bonds are mostly needed read more