Surety Bonds 101

Plain-English answers to the questions we hear most about surety bonds — what they are, what they cost, how underwriting works, and how to qualify.

While searching for a moving company, it is crucial to find a reputable and reliable group of professionals. And in that search, it is not always easy to recognize what the right choice is. Myriad business owners will make the claim of legitimacy and expertise, but how does one separate true quality from all of … Continue reading Moving Companies: insured, bonded, and licensed? →

We all have done it, Lost or destroyed important papers, or had them stolen from us.  Before a replacement of a

GLOSSARY OF SURETY BOND TERMS SURETY BOND: An agreement providing for monetary compensation should there be a failure to perform specified

Surety Bond – This is a generic term to describe many types of bonds. A surety bond is a three-party guarantee. The three parties are: 1. The principal – The primary person or business entity who will be performing a contractual obligation. 2. The obligee – The party who is the recipient of the obligation (usually a government … Continue reading Bond Basics 101: What is a Surety Bond? →

A third party administrator situation may arise when there is no executor appointed in a will for a deceased person,