Patrick J. Thomas Agency

Surety Bonds and Commercial Insurance
3d printer
1024 682 Patrick J. Thomas Agency

How 3D Printing Could Cause an Increase in Temporary Injunctions

Since the first patent was issued in the US in 1790 — to Samuel Hopkins for a process of making potash — there have been lawsuits involving infringements on intellectual property. These have led to countless injunctions being filed over the years. Although the essential definition of intellectual property has…

read more
vehicle parking lot
1024 682 Patrick J. Thomas Agency

How to Obtain a Bond if Your Vehicle Title is Lost, Damaged or Stolen

In Minnesota, all vehicle owners are required by the Department of Motor Vehicles (DMV) to have a vehicle title. Unfortunately, vehicle titles can become lost, stolen or damaged to the point where they are unreadable. If this happens, drivers will have to submit an application with the Minnesota DMV to…

read more
conservator audit
1024 682 Patrick J. Thomas Agency

How to Prepare for a Conservator Audit

Most conservators in Minnesota will inevitably have to prepare for their first conservator audit. The Conservator Account Auditing Program (CAAP) occasionally does these audits to ensure that conservators are properly using the funds that are given to them, and to see that no abuse or fraud is being committed. CAAP…

read more
calculating investments for beneficiaries
1024 603 Patrick J. Thomas Agency

What Are the Responsibilities of a Representative Payee?

A representative payee is a person or organization who has been appointed to help beneficiaries manage their benefits. Representative payees can be appointed through the Social Security Administration (SSA) or the Department of Veteran’s Affairs (VA). The most common representative payee is a family member or close friend. If that…

read more
calling on cell phone
1024 682 Patrick J. Thomas Agency

What to Do When You Suspect Vulnerable Adult Abuse

It can be difficult to face a situation where a vulnerable family member or friend is suffering abuse or being taken advantage of. If you are in a conservatorship agreement, there are many things that you can do to help a protected person and report the situation to the proper…

read more
commercial insurance questions
1024 682 Patrick J. Thomas Agency

Questions You Should Ask When Choosing Commercial Insurance

When looking for reliable and affordable liability insurance, there are many questions that you should ask in order to make sure that you are getting the right policy for the right price. Liability insurance can be customized to meet your company’s specific needs, so no matter which industry your business…

read more
dollar bills
1024 768 Patrick J. Thomas Agency

How to Save Money by Lowering Your Bond Costs

Attorneys must be proactive when it comes to securing bonds for their clients. This will help them decrease the amount of time it takes them to become approved and limit the costs that are associated with securing the bond. While surety bond costs cannot be drastically changed, they can be…

read more
chalkboard
1024 681 Patrick J. Thomas Agency

Tips for Conservators in Minnesota

Applying for conservatorship in Minnesota is a process that is filled with rules, regulations and paperwork. Attorneys can help their clients through the process by giving them the following tips to keep them on track and to make sure that they are following state laws. Use Online Minnesota Resources The…

read more
stack of paper
1024 728 Patrick J. Thomas Agency

Understanding the Underwriting Process of Surety Bonds

The surety underwriting process serves the purpose of defending surety providers. To attorneys and their clients, it is a complex obstacle that is in the way of obtaining a much-needed bond. There are a lot of pitfalls that people fall into when going through the surety bond application and underwriting…

read more
man in a hood
1024 576 Patrick J. Thomas Agency

Avoiding Surety Bond Fraud

Becoming the victim of surety bond fraud will cost you and your clients a lot of trouble, time and money. When a surety company fails to honor a bond, it becomes a headache for all parties involved, which is why you should always choose a reliable surety partner for your…

read more