The Employee Retirement Income Security Act (“ERISA”) established regulations and standards of behavior for private sector employee benefit programs and their respective trustees to safeguard private pension plans and other employee benefit plans from being mishandled and misused. One of the regulations is that the fiduciaries in charge of the money and other assets must […]

By now, most of you reading our blog already know the basic intricacies of the surety bond industry. But as with most things in our lives, it doesn’t hurt to dive deep into the respective roles of the producer and underwriter, since you will be working alongside them to get the surety bond you need. […]

A career as a mortgage broker can be both enjoyable and financially and emotionally rewarding. Mortgage brokers, also known as mortgage loan originators (MLOs) or mortgage bankers, provide an important service by connecting borrowers with lenders, allowing more people to purchase homes nationwide. Those with a passion for math, a knack for solving problems, and […]

Bonding capacity matters, even more than some people realize. You’ve probably wondered and looked for ways to increase your company’s surety bond capacity. But how? Bonding capacity can either hold your company back or make it move forward. Increasing one’s bonding capacity is a must in today’s growing world. It can make your business go […]

When it comes to a company’s image, fidelity bonds are often a good solution. These forms of surety bonds shield a company’s clients or other third parties from employee wrongdoing. They are used in a variety of sectors, from janitorial services to pension administration, and it’s important for someone working in these sectors to understand […]

Construction is a famously dangerous business. As a result, many construction projects require contractors to carry a variety of bonds, each of which is meant to mitigate a specific risk. While payment and licensing bonds are increasingly frequent, performance bonds are still very common, particularly on public works projects. A performance bond protects not just […]

Effective September 1, 2021, all Independent Motor Vehicle Dealers in Texas holding a General Distinguishing Number (GDN) will be required to obtain a $50,000 bond. The bond limit, according to the Texas Transportation Code Chapter 503, has increased from the previously required $25,000 bond. Those who are up for renewal or are applying for a […]

Buying a car may be a perplexing process filled with several questions. Before acquiring a car, it is critical to understand the status of the title. Because most individuals have no idea what “bonded” implies, a title labeled “bonded” can immediately raise suspicions. Hopefully, we’ll be able to answer some of your questions here. The […]

Many types of businesses that deal with automobile sales and service are required to have surety bonds. These bonds help to protect customers and drivers while also holding companies in the auto industry accountable. Before they can obtain financing, businesses such as new and used car dealers, brokers, wholesalers, and auto parts dealers may need […]

For both new and experienced professionals, starting a career in the insurance industry can be an appealing option as there is the potential to make a significant amount of money due to the commission-based salary structure. It’s a flexible career path with a diverse roster of interesting clients, depending on the area of emphasis. The […]