What is a court bond? A Court Bond is a categorical term used to refer to all surety bonds that are required by courts. There are two main categories of court bonds, judicial and probate. Judicial bonds may be required when you are dealing with a lawsuit. Simply put, a judicial bond would involve a […]

Bidding on a Construction Project? Know Which Bonds You’ll Need. Almost all federal construction projects will require a contract surety bond, but often private construction projects require surety bonds as well if the project costs over a certain amount. Construction bonds, also known as contract bonds, are a type of surety bond that guarantees the […]

Motor vehicle dealer bonds also referred to as Auto Dealer bonds are a type of surety bond that provides a guarantee that the licensed auto dealer will adhere to state laws, statutes, and regulations related to his/her dealer licensing. It is essentially a contract between the dealer (the principal) and the surety (the obligee) that […]

Understanding Contractor License Bonds Contractor License Bonds are a type of commercial surety bond that assures the state requiring the bond and the general public that the contractor will adhere to state licensing regulations and statutes. This is a legally binding contract that protects the owner of a project and the general public from a […]

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