Patrick J. Thomas Agency

Surety Bonds and Commercial Insurance
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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…

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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…

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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…

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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…

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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…

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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.

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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.

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Surety Bonds 101

WHAT IS SURETY? Surety is a special line of insurance that is used to guarantee the performance of an obligation of another party. Surety bonds are used to provide monetary compensation in case the principal fails to perform the promised obligation. Unlike traditional insurance coverage, the risk remains with the…

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