surety bonds

When it comes to surety bonds and commercial insurance, one term that many struggle with is ERISA bonds. What do they do? Who do they protect? How can they be obtained? These are some of the questions that quickly spring to mind. While the process of obtaining ERISA insurance is…

When dealing with cases involving surety bonds, there are times when the court may issue a protective order. Protective orders, like temporary restraining orders, usually prevent a party from taking some type of action. The party may be prohibited from transferring a bank account, selling or disposing assets, making changes…

Any person who is seeking a Subsurface Sewage Treatment System (SSTS) license in Minnesota must procure an applicable surety bond, according to the Minnesota Pollution Control Agency (MPCA). If you are looking to open an SSTS business in the state of Minnesota, here is what you need to know about…

Have you lost your Minnesota vehicle title? Have you recently purchased vehicle that didn’t come with a title (only a bill of sale)? Did you inherit a vehicle from a relative in another state? There are many reasons why Minnesotans may find themselves without a vehicle title. Regardless of why…

Court bonds are a category of surety bonds that are generally required by the courts when a party is pursuing some type of action regarding to their case. While court bonds do not ensure a party will (or will not) take a certain action, these types of bonds do provide…

Indemnities are a common basis for commercial insurance contracts and surety bonds, which is why anyone who is seeking either form of protection should familiarize themselves with the term and what it means in regards to the contract they are signing.  What is indemnity? In contracts, indemnity is a form…

Late in July, a new law passed by Minnesota lawmakers took effect that equips financial professionals with new tools and protections that help them protect senior citizens and other vulnerable adults from fraud. The law was proposed by the Minnesota Commerce Department and garnered the support from senior advocacy groups…

A supersedeas bond is one of the most common appeals bonds regarding monetary judgements. A judge may choose to require a supersedeas bond when a party appeals a judgement (this may be a statutory requirement, based on the court rules in your state). These bonds act as a financial guarantee…

When dealing with a dispute in court that involves a party’s assets or some type of judgment, a surety bond is typically required to safeguard the assets until the dispute is resolved, including any appeals that are made. Surety bonds are the most common type of safeguard because they offer…