Surety Bonds Nationwide

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Surety Bonds for Dummies In essence, a surety bond is a contract between three parties which is legally binding, and is entered into by the three parties for the purpose of protecting one of the parties against poor performance or non-compliance by the other party. These three parties are the principal, the obligee, and a surety company. Read more…


Surety Bond Claims It’s very important to understand how surety bonds work and how claims are filed, especially if you are the individual who is bonded. This is likely to be the case in a situation where you have been required to purchase a license and bond by the state you reside in, as a condition of Read more…


What is a Corporate Surety Bond You may have heard pf the term corporate bond, but it is a very different concept from a corporate surety bond.  A corporate bond is a type of bond that is created (or issued) by a corporation or business, in order to raise capital for a number of reasons.  M&A, business Read more…


Replevin Definition What does replevin mean? For sure, it’s a word that does not come up in conversation very often, unless you happen to be associated with a surety company which sells replevin bonds. A replevin definition starts with an understanding of the rights of property owners, being one of the oldest of all kinds of actions Read more…


Mechanics Lien Definition  A mechanics lien definition should begin by identifying the parties involved in the lien bond, and those three parties are a contractor, a property owner, and a surety company. A contractor is the first party in this contractual agreement, and while he/she could possibly purchase a lien bond, it is more likely that the Read more…


What is a Cost Bond? They are a variety of surety bond, so to understand any cost bond definition, it is important to understand surety bonds. Surety bonds form a contract that is legally binding, involving three parties: the principal, the obligee, and the surety. The party requesting the bond is the obligee. The party obligated to buy the Read more…


Financial Guarantee Surety Bond  A financial guarantee bond is not a single specific type of bond, but is instead a term which is applied to many different kinds of bonds that are used to guarantee the payment of financial obligations which a bonded party has to another party. That other party is known as the obligee, and Read more…


What is a Commercial Bond? Commercial bonds are sometimes also known as a license bond or a license and permit bond, and is generally required by government agencies, whether federal, state, or local. Commercial bonds are generally necessary before a contractor can be licensed to do work in a given geographic location, and since it is an Read more…


In order to legally travel on Texas roads, those vehicles which exceed the legal size and weight limits established by the state, must obtain a permit for oversized/overweight loads from the Texas Department of Motor Vehicles. In some cases, a surety bond must also be purchased and filed with the Texas DMV, so that any damages done Read more…


Meaning of Indemnity Bond The word indemnity itself refers to the process of protecting a party against financial loss which might occur as a result of actions by some other party. In a legal context, indemnity can be enforced in a contract between parties, wherein one party agrees to perform some action, and by defaulting on that Read more…

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