surety bonds

signing bond
1024 768 Patrick J. Thomas Agency

Why Surety Bonds Are Important for Conservators and Guardians

When appointing a conservator or guardian, most courts in most states will require a surety bond to be posted. Since many people aren’t familiar with how surety works, they often ask why a surety bond is necessary. Why Are Surety Bonds Required? Surety bonds act as a type of insurance…

read more
surety bond fraud alert
1024 723 Patrick J. Thomas Agency

Prevent Surety Fraud by Verifying Your Bonds

When you deal with surety bonds, fraud is always a possibility. While it’s rare to come across these cases, it still something that parties should safeguard themselves against. As with any type of insurance fraud, the cases can be large or small. The types of fraudulent activities can range from…

read more
1024 682 Patrick J. Thomas Agency

The Importance of Working with a Court Approved Bond Company

When it comes to obtaining court bonds, it is essential to find and work with a court-approved bond company. It may come as a surprise to many that not all surety bond companies are approved by state and federal courts. There is a general list of federally approved sureties that…

read more
1024 576 Patrick J. Thomas Agency

What’s the Difference Between a Bail Bond and a Surety Bond?

Bail bonds and surety bonds are inherently different, and a person looking for a bail bond is seeking a very different outcome than someone looking for the protection that surety provides. At The Patrick J. Thomas Agency, we help businesses and attorneys acquire surety bonds that act as a special…

read more
1024 580 Patrick J. Thomas Agency

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…

read more
stress with surety bonds
1024 683 Patrick J. Thomas Agency

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…

read more
arrows in different directions
1024 470 Patrick J. Thomas Agency

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…

read more
find the right surety bond
1024 681 Patrick J. Thomas Agency

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…

read more
high surety bond costs
1024 680 Patrick J. Thomas Agency

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…

read more
small business
1024 642 Patrick J. Thomas Agency

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…

read more