Patrick J. Thomas Agency

Surety Bonds and Commercial Insurance
courthouse
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…

read more
umbrella insurance
How to Protect Your Business with Commercial Umbrella Insurance 1024 682 Patrick J. Thomas Agency

How to Protect Your Business with Commercial Umbrella Insurance

There are many types of commercial insurance policies that protect against everything from liability to worker’s compensation. Not every type of policy is recommended for every business, but many companies, based on their industry, choose to have some type of liability insurance. Some need even more, and that’s where commercial…

read more
calculator
Final Accounting in Minnesota Trusts and Conservatorships 1024 673 Patrick J. Thomas Agency

Final Accounting in Minnesota Trusts and Conservatorships

If you are going to serve as the executor or personal representative of an estate in Minnesota, one of the things you must familiarize yourself with is the “final accounting.” This is an integral part of the process that must be completed if the estate is going through a formal…

read more
small business
Forming an LLC? Here’s Why You Still Need Liability Insurance 1024 617 Patrick J. Thomas Agency

Forming an LLC? Here’s Why You Still Need Liability Insurance

If there’s one thing (future) business owners will need to understand, it’s commercial insurance. Making sure your business is covered from liability is crucial to keeping you out of bankruptcy and in business for years to come. That’s why many business owners choose professional liability insurance. But is this type of business insurance necessary for limited…

read more
teenager
How to Set up a Guardianship for a Child Turning 18 1024 682 Patrick J. Thomas Agency

How to Set up a Guardianship for a Child Turning 18

Parents of children with special needs are well versed in making decisions for the child when it comes to their healthcare. However, when the child turns 18 years old, this process becomes more difficult. Parents will soon realize that they cannot make medical decisions for their child as they once used to. Medical…

read more
notebook
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…

read more
old hands
Why Guardianships are Better than Healthcare Directives 1024 683 Patrick J. Thomas Agency

Why Guardianships are Better than Healthcare Directives

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
business car
Everything You Need to Know About Auto Insurance for Your Business 1024 523 Patrick J. Thomas Agency

Everything You Need to Know About Auto Insurance for Your Business

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
small business
What to Know About Business Insurance when Selling Your Company 1024 682 Patrick J. Thomas Agency

What to Know About Business Insurance when Selling Your Company

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
car wash
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…

read more