When appointing a conservator or guardian, most courts in most states will require a surety bond to be posted. Since many people aren’t familiar with how surety works, they often ask why a surety bond is necessary. Why Are Surety Bonds Required? Surety bonds act as a type of insurance…
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When you deal with surety bonds, fraud is always a possibility. While it’s rare to come across these cases, it still something that parties should safeguard themselves against. As with any type of insurance fraud, the cases can be large or small. The types of fraudulent activities can range from…
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When it comes to obtaining court bonds, it is essential to find and work with a court-approved bond company. It may come as a surprise to many that not all surety bond companies are approved by state and federal courts. There is a general list of federally approved sureties that…
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Bail bonds and surety bonds are inherently different, and a person looking for a bail bond is seeking a very different outcome than someone looking for the protection that surety provides. At The Patrick J. Thomas Agency, we help businesses and attorneys acquire surety bonds that act as a special…
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Changes related to the Board of Cosmetologist Examiners were made during the 2017 Minnesota legislative session. All owners, employees and attorneys should make note of these new laws and requirements, which may have an effect on cosmetology licensing, schools, eyelash extension service providers and the public. A New Law Governing…
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Stress is the one part of the surety process that doesn’t have to be there. Obtaining a surety bond can be confusing, but by understanding what goes into the process can help clear up a few of the uncertainties that lead to stressful situations. Here are a few ways you…
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Many people do not understand the difference between surety bonds and commercial insurance. While the two do share some similarities, there are glaring differences that must be noted and understood in order to decide which one (or both) are right for your specific situation. Here are the basic definitions and…
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Surety is a large industry because there are different bonds for many court cases and financial situations. There isn’t a single surety bond that encompasses all cases, which is why it’s important to know which type of bond you are looking for before you start the process. Not sure where…
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Even a simple surety bond mistake can be costly, resulting in anything from failed appeals to dismissed cases and even wasted time and money. If you want to get the right bond approved quickly and without any of the headaches involved, avoid these costly surety bond mistakes. Not Knowing Which…
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Small businesses in many instances are required to have surety bonds. The types of companies that are required to purchase a surety bond can vary from state to state and even from business to business. There are also certain industries in which bonds are generally required. Businesses that work in…
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