Public Official Bonds
A public official is expected to uphold its position ethically. Many public officials deal with money or sensitive information. It is important to make sure that people in positions of power do not abuse their authority or act in a way that can threaten the public.
Public official bonds help to ensure that public officials do not abuse their positions. These bonds guarantee honest conduct and faithful performance by those appointed or elected to a position. This is a type of surety bond meant t read more
License and Permit Bonds and Why they are Needed?
License & Permit Bonds are meant to enforce businesses who require licenses and permits to adhere to specific guidelines set out for their industry. These bonds are typically required for construction businesses, distribution of products, manufacturing of products, and sales & service providers.
In the US, these bonds can consist of road cut bonds, motor vehicle dealer bonds, private investigator bonds, highway transportation bonds, electrical contractor bonds, consumer protection bond read more
Public Official Bonds and Why they are Needed
Public officials are required to have public official bonds as a guarantee that they can be trusted in their position. Public official bonds enforce public officials to act ethically and not use any sensitive information for malicious reasons. If the public official indulges in fraudulent activities, then a claim can be made against their bond. The type of public official and their position will determine what type of public official bonds they are required to get. The common types of public of read more
How to Apply for a License & Permit Bond
License and permit bonds are types of surety bonds. These bonds are required by State or Federal government agencies as a condition before they can be issued a license. These bonds are also known as commercial bonds.
A license and permit bond are usually limited to one industry, meaning that the business with the bond will adhere to the government rules and regulations. A business that operates across several industries must obtain separate bonds for each industry. If you are starting a new bus read more
Collection Agency Bonds
If you run a collection agency, securing a collection agency bond is a requirement by the government for a collection agency license. Before you get your bond, however, here are some facts that you should know about:
The bond is meant to ensure ethical practices
Collection agencies deal with a lot of sensitive and confidential information, such as individuals’ financial histories. Therefore, it is important to make sure these collection agencies use this information ethically and responsibly read more
What is the Purpose of Having a Collection Agency Bond?
The primary job of a collection agency is to collect debts and manage important personal information about the customers and their financial records. Since the job of a collection agency involves high risk, having a surety bond as a guarantee becomes a necessity for all collection agencies. This surety bond, which is also known as Collection Agency Bond is there to enhance the trustworthiness and reliability of the agency being hired to manage a customer’s debt.
In the US, most of the state read more
Who Needs Public Official Bonds and Why
Public official bonds are a type of Surety Bond required of public officials. The principle here is the public official; the obligee is the government asking for the bond. The purpose of the bond is to protect the general public from any misconduct by officials holding a position of power or trust in the government.
Who requires a Public Official Bond?
The Public Official Bond is typically required of officials who work with sensitive information or money. Such officials usually hold a positio read more
What You Need to Know About License & Permit Bonds
If you are preparing to start a business or striking out on your own as a professional, chances are that you have heard of License & Permit Bonds. As the name suggests, these bonds are required from certain businesses or professions before they can obtain licenses or permits. However, there are some essential facts that you must know about these bonds before buying one.
There are different types of License & Permit Bonds
There are many types of License & Permit Bonds. This is becau read more
What You Should Know About License & Permit Bonds
License & permit bonds are types of surety bonds that are required for many businesses. Several federal, state, and local government agencies require these bonds when issuing a business its license.
Here are some important things to know about bonds: Continue reading What You Should Know About License & Permit Bonds read more
Why We Need Notary Bonds
Notary publics are required to have Notary bonds. Most States require these from their notary publics before they can be issued a license. This allows them to notarize a document, which serves as witness signatures or legally approved documents. A notary public also has the authority to administer oaths in depositions. Continue reading Why We Need Notary Bonds read more