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May 28, 2024 · Performance and payment bonds are there to protect the project owner in case things go south, but a bond claim can be a major headache for your business. The good news? There are proactive steps you can take to minimize the risk.
May 25, 2024 · Understanding the financial accounting and tax implications of surety bonds is essential for companies and professionals who utilize them. Properly managing these aspects can significantly impact an organization’s financial health and compliance with regulatory requirements.
4 days ago · Understanding the nuances between cash bonds and surety bonds in criminal law is crucial for both defendants and legal professionals alike. While these terms are often used interchangeably, there can be subtle differences in their application depending on the jurisdiction. Regardless of these differences, both types of bonds serve the primary ...
May 28, 2024 · Travelers filed a complaint against Flawless seeking indemnity for the loss incurred settling the bond claim with Jackson, plus attorney’s fees and related costs.
May 14, 2024 · 1. The Surety Bond. Similar to liability insurance, each city has its own requirements when it comes to surety bonds. A surety bond in this case is called a contractor license bond. It's a type of insurance you're required to purchase that acts as a guarantee that you will: Follow all state and city building codes and regulations
6 days ago · Notaries. What Is a Surety Bond? Many people think of surety bonds as "surety insurance." But they are not actually a form of insurance. Think of a surety bond as a line of credit. If you can’t complete a project, the project owner can then tap into that line of credit to finish the project as necessary.
May 21, 2024 · This surety bond - often called a contractor license bond - protects customers from purposeful acts of misconduct and/or fraud that harm a plumber's customer. Example of these fraudulent actions can include :
