surety bonds

carleton college minnesota
Surety Bonds for Post-Secondary Schools in Minnesota 1024 682 Patrick J. Thomas Agency

Surety Bonds for Post-Secondary Schools in Minnesota

Back in 2019, the Minnesota state senate passed bill 2415, which dealt with higher education appropriations and policy provisions. Among these provisions were changes to the types of educational institutions that are required to post a surety bond that provides coverage based on the educational program they provide.  What Types of Educational…

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time
What to Do If You Are a Conservator and Need a Surety Bond 1024 682 Patrick J. Thomas Agency

What to Do If You Are a Conservator and Need a Surety Bond

Most conservatorships, whether new or existing, are required by the courts in their state to obtain a surety bond. These conservatorship surety bonds provide protection for the person who is the subject of the conservatorship in the event that the conservator fails to faithfully fulfill their duties. In many cases these bonds are required either before or just…

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signing a contract
Understanding Surety Contracts and Bonds 1024 682 Patrick J. Thomas Agency

Understanding Surety Contracts and Bonds

Understanding a contract is important regardless of its contents. It’s never a good idea to sign your name onto anything that you do not explicitly understand. This is the case for any contract, and it’s especially important in the surety industry. Whether you are a guardian seeking a guardianship bond, a business seeking a licensing bond, an attorney seeking…

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court gavel
The Difference Between a Temporary Restraining Order and a Preliminary Injunction 1024 768 Patrick J. Thomas Agency

The Difference Between a Temporary Restraining Order and a Preliminary Injunction

While similar, there are identifiable differences between temporary restraining orders and preliminary injunctions, and each of them has a specific place in the legal system. Each one also means a different thing for your case.  These are the major differences between preliminary injunctions and temporary restraining orders.  What is a Preliminary Injunction?…

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employee
Your Brief Guide to Insuring Your Business with Fidelity Bonds 1024 629 Patrick J. Thomas Agency

Your Brief Guide to Insuring Your Business with Fidelity Bonds

Fidelity bonds are a type of commercial insurance that employers use to protect their business against fraud or harmful actions committed by their employees. This type of insurance also protects the customers of a business should the actions committed by the employees affect them as well.   Most businesses need to have fidelity bonds in order to…

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Rule 62 and How it Affects Federal Supersedeas Bonds 1024 768 Patrick J. Thomas Agency

Rule 62 and How it Affects Federal Supersedeas Bonds

You have 30 days to obtain a supersedeas bond.  This is not an obscure rule by any Minnesota surety or agency, but a federal rule dealing with stays of judgment. This is according to Rule 62 of the Federal Rules of Civil Procedure.  What is Federal Rule 62? Federal Rule 62 states (a) Automatic Stay. Except as provided in Rule 62(c) and…

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veterans
The Challenges of Being a VA Representative Payee 1024 688 Patrick J. Thomas Agency

The Challenges of Being a VA Representative Payee

Being a representative payee means taking on the duties of administering the benefits given to a protected person by an organization like the Social Security Administration (SSA) or The Department of Veteran’s Affairs. When you are appointed as a representative payee for a person’s VA funds, you can also be…

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senior citizens
The Challenges of Being a Social Security Representative Payee 1024 768 Patrick J. Thomas Agency

The Challenges of Being a Social Security Representative Payee

Being a representative payee is a great way to provide for a close loved one, and while getting the position is not a highly complicated process, there are several challenges associated with being a representative payee that people should be prepared for. What is a Social Security Representative Payee? A…

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What Are Loss Securities Bonds and How Do They Help? 1024 682 Patrick J. Thomas Agency

What Are Loss Securities Bonds and How Do They Help?

Loss securities bonds (also known as lost instrument bonds) are a special type of surety bond that are designed to provide protection for publicly traded companies who sell stock investments in their business. If you are purchasing stock in a company and need to obtain a loss securities bond, there…

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speedometer
Ignition Interlock Bonds Help Minnesotans with DWIs Get Back on the Road 1024 680 Patrick J. Thomas Agency

Ignition Interlock Bonds Help Minnesotans with DWIs Get Back on the Road

Not to be confused with bail bonds for those who have been arrested for committing a DWI, DWI ignition interlock bonds are a type of surety bond that are generally required by prosecutors for people who have been convicted of a committing a DWI and have entered the state’s Ignition…

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