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Alabama DMV Dealer Bond Increases to $50,000

Alabama DMV Dealer Bond Increases to $50,000

Effective October 1, 2020 the Alabama DMV License bond for motor vehicle dealers increases to $50,000. Now is a good time to shop for a better rate. You can do that by clicking here.
Before any master dealer license may be issued to a new motor vehicle dealer, used motor vehicle dealer, motor vehicle rebuilder, or motor vehicle wholesaler, the …

 

Save Money on Lost Securities Bonds

Save Money on Lost Securities Bonds

Surety1 just saved a client over $20,000.00 on their surety bonds.
It was a complicated deal. an estate was the principal (party requesting the bond) and the administrator of the estate had some credit issues. The transfer agent provided a quote for the necessary bonds, however, the principal wanted to save money on lost securities bonds and asked for a …

 

DMEPOS Bond – Renew it Now

DMEPOS Bond – Renew it Now

Is it time to renew your DMEPOS bond? Get a free, no obligation quote from Surety1. We offer and easy to use online application and have access to over a dozen, A rated surety markets to get you the best possible rate fast. Our staff of 14 surety bond professionals are working during the COVID-19 pandemic and are ready to …

 

Temporary Changes to H-2A Guest Worker Program

Temporary Changes to H-2A Guest Worker Program

The U.S. Citizenship and Immigration Services (USCIS) has enacted temporary changes to H-2A guest worker program .   As a result of the COVID-19 pandemic, the U.S. Citizenship and Immigration Services (USCIS) offices are closed so new H-2A applications are not being processed. To ensure the United States food supply stays adequate, the USCIS has issued temporary regulations extending the time …

 

I Lost my Stock Certificate

I Lost my Stock Certificate

Don’t panic because you have lost or misplaced your stock certificate, you can get it replaced.
The market is tanking, you think it’s time to sell, but I lost my stock certificate; now what do I do? Not to worry, thee is a process to have your certificate replaced. First step is to contact the contact investor relations for the …

 

COVID-19 AND THE PERFORMANCE BOND SURETY

COVID-19 AND THE PERFORMANCE BOND SURETY

COVID-19 AND THE PERFORMANCE BOND SURETY 
COVID-19 is a global Pandemic that is impacting every sector of the global economy. The construction industry is already being severely affected. While much analysis has been written on the Pandemic and the legal ramifications associated therewith, most of that analysis has been geared towards a “Force Majeure” inquiry. 
The specific question addressed in …

 

Surety1 Open During COVID-19 Pandemic

Surety1 Open During COVID-19 Pandemic

Surety1 is open during COVID-19 pandemic. While far from business as usual, most of our staff will be working from home. With the technology we have the work is practically seamless.  That said, there
may be some unavoidable disruptions due to the COVID-19 pandemic.  We count on UPS, FEDEX and USPS to deliver surety bonds. To date, we have not …

 

What is an indemnity agreement?

What is an indemnity agreement?

What is an indemnity agreement,  why the surety requires it, and why you  have to sign it personally, even though your company needs the surety bond.
A surety bond is not an insurance policy. A surety bond is a 3 party transaction, (click here to see our video) versus a insurance which is a 2 party transaction. What does this …

 

Spend less on bonds to Computershare

Spend less on bonds to Computershare

How to save money on your lost securities bond for Computershare
If you have lost or misplaced  securities , chances are investor relations will send you to the transfer agent that manages the shares. This may very well be Computershare as they are one of the largest transfer agencies in the country. The transfer agency will issue a “stop transfer …

 

Employee dishonesty bond

What is An Employee Dishonesty Bond?

Often referred to as a fidelity bond, an Employee Dishonesty Bond is a type of insurance coverage. It protects a business, a business owner, a not for profit company, and even a government entity from financial loss due to theft by an employee or volunteer. Proof of loss will have to be provided to collect, however, a conviction of …