Patrick J. Thomas Agency

Surety Bonds and Commercial Insurance
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
red pen mistakes
1024 682 Patrick J. Thomas Agency

The Top Surety Bond Mistakes Attorneys Make

The process of obtaining a surety bond for a client is filled with pitfalls that attorneys who are not familiar with the process often fall into. When it comes to surety bonds, there really isn’t a large margin for error, and failure to navigate the process can often lead to…

read more
speed lights
1024 373 Patrick J. Thomas Agency

How to Quickly Obtain an Injunction Bond

Whether a party is seeking a preliminary or permanent injunction, obtaining an injunction bond is a necessary part of the process. Just like with many surety bonds, speed is of the essence, especially if an attorney is attempting to obtain some type of injunctive relief for their client. While the court…

read more
a watch
640 426 Patrick J. Thomas Agency

Meeting Tight Deadlines for Supersedeas Bonds

The timeliness of obtaining a supersedeas bond is a crucial component of the appellate process. When an attorney needs a supersedeas bond to proceed, obtaining one quickly is absolutely necessary to help preserve the client’s position. Since appeals take time, and the judgement needs to be put on hold immediately, parties…

read more
stop sign red flag
1024 455 Patrick J. Thomas Agency

Avoiding Underwriting Red Flags in Fiduciary Bonds

Fiduciary bonds can be tricky to obtain, and attorneys need to be prepared with the right knowledge and information before pursuing them. By researching and understanding the various underwriting red flags, you will give your client/s the best chance of success when obtaining fiduciary bonds such as: Conservatorship/Guardianship Personal Representative…

read more
looking up surety bond resources on a laptop
1024 682 Patrick J. Thomas Agency

How Attorneys Can Obtain Fiduciary Bonds to Protect Their Clients

When a court orders a surety bond, it’s up to the attorney to help their clients through the process of procuring one.

read more
handshake over surety bond agreement
1024 563 Patrick J. Thomas Agency

Surety Bond Agents: Helpful Allies in the Industry

Fiduciary bonds, often called probate bonds or receivership bonds, are generally not thought of until they are actually needed.

read more