Patrick J. Thomas Agency

Surety Bonds and Commercial Insurance
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Special Needs Trusts and How They Differ From Conservatorship

Forming a special needs trust is a great way to protect and help secure the financial integrity of vulnerable people who have special needs. If you are a conservator who is in charge of a person with disabilities, a special needs trust may be a good way to plan for…

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Changes to the Surety Bond Requirements for Cosmetology Schools

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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Reducing the Stress of Obtaining a Surety Bond

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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The Real Difference Between Surety Bonds and Commercial Insurance?

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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find the right surety bond
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The Best Way to Find Out Which Type of Surety Bond You Need

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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high surety bond costs
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The High Costs of Surety Bond Mistakes

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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How to Protect Your Estate From Mismanagement

While setting up your estate is important, protecting it is even more crucial. Without proper protection your estate can be exposed to fraud and mismanagement. These issues are common and can end up eating away at the assets of your estate through litigation in court.   There are many ways…

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small business
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Surety Bonds for Small Businesses

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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protection
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How to Protect Your Estate From Mismanagement

While setting up your estate is important, protecting it is even more crucial. Without proper protection your estate can be exposed to fraud and mismanagement. These issues are common and can end up eating away at the assets of your estate through litigation in court.   There are many ways…

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The Duties and Responsibilities of a Trustee

If you have been named a trustee, a great amount of responsibility has been placed upon your shoulders. Being named as a trustee means that the person who owns the trust, often known as the grantor or trustor, has placed the future administration of his or her assets (property, finances,…

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