Patrick J. Thomas Agency

Surety Bonds and Commercial Insurance
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What to Do If You Are a Conservator and Need a Surety Bond

Most conservatorships, whether new or existing, are required by the courts in their state to obtain a surety bond. These conservatorship surety bonds provide protection for the person who is the subject of the conservatorship in the event that the conservator fails to faithfully fulfill their duties. In many cases these bonds are required either before or just…

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The Pros and Cons of Offering an HSA to Your Employees

As business owner, you are tasked with deciding which benefits to offer your employees. This includes healthcare plans, which may or may not include Health Savings Accounts (HSAs). In the end, it’s up to you whether to include an HSA with your benefits package and doing so can provide a lot of benefits to both…

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Understanding Surety Contracts and Bonds

Understanding a contract is important regardless of its contents. It’s never a good idea to sign your name onto anything that you do not explicitly understand. This is the case for any contract, and it’s especially important in the surety industry. Whether you are a guardian seeking a guardianship bond, a business seeking a licensing bond, an attorney seeking…

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How to Prepare for Workers’ Compensation Audits

Workers’ compensation is a valuable piece of commercial insurance that nearly every business can benefit from holding. It protects the wages of employees in the event one of them is unable to work due to a workplace incident. It also helps businesses provide more value to their employees while protecting their financial assets.  Most businesses…

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The Difference Between a Temporary Restraining Order and a Preliminary Injunction

While similar, there are identifiable differences between temporary restraining orders and preliminary injunctions, and each of them has a specific place in the legal system. Each one also means a different thing for your case.  These are the major differences between preliminary injunctions and temporary restraining orders.  What is a Preliminary Injunction?…

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The Clear Signs of Elder Abuse in Nursing Homes

Making the decision to place a relative or close friend in a nursing is not easy, but when it comes time to transfer care of someone over to another person or organization, you want to be sure that the person will be well cared for. While the vast majority of nursing homes and employees…

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Your Brief Guide to Insuring Your Business with Fidelity Bonds

Fidelity bonds are a type of commercial insurance that employers use to protect their business against fraud or harmful actions committed by their employees. This type of insurance also protects the customers of a business should the actions committed by the employees affect them as well.   Most businesses need to have fidelity bonds in order to…

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What You Need to Know About The Minnesota Conservator Account Review Program (CARP)

Those who are conservators in Minnesota should be familiar with a few things:  MyMNConservator: the online portal where conservators can take place in the statewide accounting review program which occurs every year.   The Conservator Account Auditing Program (CAAP): the statewide auditing program of conservators that is conducted regularly.  The Conservator Account Review Program (CARP): a newer program that…

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Rule 62 and How it Affects Federal Supersedeas Bonds

You have 30 days to obtain a supersedeas bond.  This is not an obscure rule by any Minnesota surety or agency, but a federal rule dealing with stays of judgment. This is according to Rule 62 of the Federal Rules of Civil Procedure.  What is Federal Rule 62? Federal Rule 62 states (a) Automatic Stay. Except as provided in Rule 62(c) and…

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Can Conservators Sell Real Estate? Here’s What You Need to Know

Conservators are charged with managing the assets of a protected person, including real estate. There may come a time when one of the properties owned by the protected person must be sold. Whether this is simply the best financial decision for the protected person, or the funds made from the sale will be needed…

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