Indemnity is one of those words that gets thrown about when it comes to surety bonds. It’s important, but also often misunderstood. What is indemnity? Better yet, what is an indemnity agreement? And how does it work when it comes to a surety bond? Find out what you need to know about surety…
read more
Retirement is filled with many decisions. One of those is how to make healthcare decisions for a person when they become no longer able to do so themselves. There are many ways to do this. Two of the major options are healthcare directives and guardianships. What are these? How do they work?…
read more
Everyone who drives and owns a car is familiar with auto insurance, but what if you own a vehicle for your business? How is it insured? Can you put it under your personal plan? Is there a specific type of commercial auto insurance for vehicles owned and used by a business? These are all good…
read more
Thinking of selling a business in Minnesota? Whether you selling to a person or another company, or even shutting down, there are many things you need to take into consideration regarding your commercial insurance policies. If you are planning on selling soon, here is what you need to know. About…
read more
If you own a business in Minnesota, you may need to acquire a license bond to protect your customers. License and permit bonds provide protection to your customers should you fail to perform a specific duty. They make your business more reputable, but they can also be required depending on…
read more
As a business owner, you have enough to worry about. Insurance shouldn’t be a part of those worries. Business insurance is designed to mitigate risks and protect your business without having to create a headache for you. This is true for liability insurance. You need a plan but purchasing one doesn’t have to be a confusing process. This…
read more
Planning an estate isn’t an easy process. There’s a lot to consider, which is why it’s always advisable to work with an attorney. One of the things you and your friends and family may need to prepare for is obtaining the right surety bonds to go along with your estate. Depending on how…
read more
If you own a business and are looking to protect yourself and your customers, you’ve likely heard two terms: Surety bonds Letters of credit Both of these are three-party agreements that offer financial protection in certain instances, but both operate very differently from one another. We’ve heard that letters of credit…
read more
As a business owner in the state of Minnesota, there are many types of commercial insurance available to protect your business against a variety of risks. While many of these types of business insurance are optional from a legal standpoint, some are required by law. If you own a business in Minnesota,…
read more
Establishing a conservatorship for a minor in Minnesota may be required by the courts if the minor is set to inherit more than $5,000 from an estate, life insurance policy, or other inheritance. In the event that a conservatorship is required, there are several things that you should consider before you get started. Conservatorships Differ from Guardianships You may or may not…
read more