Surety Bonds Nationwide

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Bond Around a Construction Lien It is important that anyone who provides services, such as construction labor, has steps that protect them from lack of payment. Even well-known and nationally-recognized companies risk clients not paying them once the work is complete. Fortunately, there are measures in place that can be used to protect all parties involved in Read more…


A surety bond is a legally binding contractual agreement between three parties, all of whom are involved in a work task or project which will be accomplished by the first of the three parties, known as the principal. The principal is usually a professional contractor offering services to the public for which he has been trained, and Read more…


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 that 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 purchase a lien bond, it is more likely that the property Read more…


What is a Cost Bond? A cost bond is a kind of surety bond which guarantees payment of court expenses.  They are a variety of bonds, so to truly understand what they are, it is important to understand surety bonds. Surety bonds form a contract that is legally binding, involving three parties: the principal, the obligee, and Read more…


Financial Guarantee Surety Bond  A financial guarantee bond is not a single specific type of bond but is instead a term that 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…

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