Bonds are a popular investment option for many people, but unfortunately, they can also be a target for scams and fraud. Bond scams and fraud can leave investors with significant financial losses, making understanding how to avoid them essential. This article will discuss preventing bond scams and fraud, including the importance of conducting due diligence […]

As a business owner, you’re well aware that managing risk is a crucial part of running a successful enterprise. While many tools and strategies are available to manage risk, one that you may have yet to consider is surety bonds. Surety bonds can be a valuable risk management tool for businesses in various industries. In […]

As a business owner, you may be familiar with purchasing a surety bond. Surety bond underwriting is a critical component of this process, as it determines whether you are eligible for the bond and your premium. One of the most important aspects of surety bond underwriting is transparency. Transparency in surety bond underwriting means that […]

Commercial surety bonds are crucial in protecting businesses and third parties involved in business transactions. These bonds guarantee that the bonded party will fulfil the agreed-upon contractual obligations. This article will explore the various types of commercial surety bonds that businesses may require. License and Permit Bonds: License and permit bonds are often required by […]

So, you have been told that you need to obtain a surety bond. This may be for a contract you need to bid on or for a license you are applying for that requires you to be bonded. Sometimes, it may be because of a court case where you have to file an appeal or […]

If you are unable to provide a valid vehicle title or other required documents, you may be required to purchase a surety bond as a form of insurance for the state or other parties in case of any issues or disputes related to the vehicle. The surety bond guarantees that the seller legally owns the […]

Surety bonds are a type of insurance that can benefit small businesses in many ways. A surety bond is a three-party agreement between a surety company, a principal (your business), and an obligee (the entity that requires the bond). Essentially, the surety company agrees to financially back the principal if they fail to fulfill their […]

The cyber insurance market is undoubtedly growing. One of the largest reinsurance companies, Beazley, has obtained a cyber catastrophe bond to grow its market. This is the first such global insurance catastrophe bond, and it’s a $45 million bond. It gives them indemnity against all perils over a $300 million catastrophic event.  This is the […]

Why do businesses, consumers, and high net-worth individuals need to protect themselves from future cyber attacks? Well, here it is all in one chart from Statista, explaining cyber attacks are expected to rise in the coming years. According to the chart, 2022 saw $8.4 trillion dollars lost to cyber attacks. In just five short years, […]

Business owners, entrepreneurs, and contractors alike often find themselves in need of protecting their interests and the interests of their clients. Surety bonds and insurance policies are two of the most common ways to do this, but it’s important to understand the differences between them. In this article, we’ll be taking a look at the […]