surety bonds

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2022 Updates to Minnesota Guardianship Communication Statutes 1024 767 Patrick J. Thomas Agency

2022 Updates to Minnesota Guardianship Communication Statutes

Every so often, the statutes that govern guardians in Minnesota are updated to include new language, changes in regulations and laws, or other definitions that can have an impact on guardians, people subject to guardianships, and attorneys who work in this field of law.  Stay on Top of New Minnesota…

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What to Do if You Lose Your Minnesota Vehicle Title 1024 682 Patrick J. Thomas Agency

What to Do if You Lose Your Minnesota Vehicle Title

What do you do if you’ve lost or accidentally destroyed your Minnesota vehicle title? While the license and registration protocols are different from state to state, you can obtain a new title for your vehicle in Minnesota, which is helpful if you plan to sell it or have recently purchased…

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The Major Types of Fidelity Bonds and What They Cover 1024 655 Patrick J. Thomas Agency

The Major Types of Fidelity Bonds and What They Cover

Fidelity bonds are an important type of insurance for companies because they protect your business and customers from thefts committed by your employees. If you have a business that has employees who handle large amounts of cash, valuable items, or other expensive assets, a fidelity bond is a type of…

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What is Probate Court and How Does it Affect Estates? 1024 683 Patrick J. Thomas Agency

What is Probate Court and How Does it Affect Estates?

When a person passes away, their friends and family members quickly become accustomed to the term probate, especially if the person who has passed has not set up a trust or written a will that dictates the disbursement of their estate. Even if a will or trust has been created,…

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Form 11 Surety Bond for Temporary Restraining Order or Preliminary Injunction 1024 682 Patrick J. Thomas Agency

Form 11 Surety Bond for Temporary Restraining Order or Preliminary Injunction

When attorneys and their clients are seeking a temporary restraining order or preliminary injunction in federal cases against the United States, the United States Court of Federal Claims will generally require a surety bond in order to provide security to the relief that is being sought. This is a process…

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A Quick and Simple Explanation of Surety Bond Indemnity 1024 682 Patrick J. Thomas Agency

A Quick and Simple Explanation of Surety Bond Indemnity

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…

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Which Businesses Need to be Bonded in Minnesota? 1024 598 Patrick J. Thomas Agency

Which Businesses Need to be Bonded in Minnesota?

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…

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Planning an Estate? Look for These Types of Surety Bonds 1024 682 Patrick J. Thomas Agency

Planning an Estate? Look for These Types of Surety Bonds

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…

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legal documents letters of credit
Why Surety Bonds Are Better Than Letters of Credit 1024 682 Patrick J. Thomas Agency

Why Surety Bonds Are Better Than Letters of Credit

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…

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Tips for Obtaining Replevin Bonds 1024 682 Patrick J. Thomas Agency

Tips for Obtaining Replevin Bonds

Replevin is a court action that allows for property to be returned to its rightful owner pending the outcome of the decision made in court. In the simplest terms possible, it is a court action that determines the owner of a property. When replevin is used in court, the plaintiff who is…

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