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Surety Bond Blog

How to Get Your Florida Motor Vehicle Dealer Bond

How to Get Your Florida Motor Vehicle Dealer Bond

The Florida Motor Vehicle Dealer Bond is a requirement of the Florida Department of Highway Safety and Motor Vehicles for all motor vehicle dealers to provide a surety bond in addition to a completed application packet.

Why Do You Need This Bond?

If you are to do business in the state of …

 

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 …

 

Get Performance Bonds up to $500,000 on 2 page application

As Surety1 we often get calls asking what it takes to get bonded. While there are hundreds of types of surety bonds, contractors in public works need performance and payment bond when awarded a contract. And prior to being awarded the contract, they usually need bid bonds in order to properly bid on public works projects. This is one …

 

How to Get a Florida Medical Marijuana Treatment Center License

The Florida medical cannabis market is estimated to be $250 million. This potential is certain to bring interest from companies. But how? In 2017, there was a Florida law limiting the number of medical marijuana licenses to 10, with 4 additional licenses for every 100,000 patients. A judge recently overturned this law, potentially opening up the flood gates …

 

Success Story – Damaged Credit Contractor Increases Bond Capacity

Surety bonds, specifically bid, performance and payment bonds, are the lifeblood of a public works contractor. Surety bonds are required under federal and state law whenever public funds are being spent. Bond capacity is based on the credit worthiness of the contractor. This would include personal and business credit, assets, liquidity, experience, among other things. When things are rosy, …

 

5 Ways to Increase Bond Capacity

How do I increase my bond capacity resulting in larger performance and payment bonds? This is one of the most common questions we get from our contractor clients. While it’s a straight forward question it’s not always a straightforward answer. This is due to the fact that a bond program is not a ‘one size fits all’ and ways …

 

Surety Bonds for Dentists?

Surety Bonds for Dentists?

Recent Medicare changes now require dentists who act as Durable Medical Equipment providers for Medicare-approved appliances (sleep apnea oral appliances) to secure a $50,000 surety bond. Previously, these dentists were deemed exempt from the federal DMEPOS bond requirement. These affected dentists are now receiving a letter from the Center of Medicare & Medicaid Services instructing them to get this surety …

 

California Immigration Consultant Bond

California Immigration Consultant Bond

How to Become an Immigration Consultant

The US Immigration process is certainly not an easy process. With all of the documentation and paperwork required, the help that Immigration Consultants can provide is crucial.  An Immigration consultant is any qualified individual who provides non-legal assistance regarding immigration. In some states, an immigration …

 

What is a Postsecodary School Bond?

What is a Postsecodary School Bond?

First, know the difference between a Secondary and a Postsecondary School.

 Secondary schools (Private High Schools) are federally governed establishments that grant free public education for all, specifically special education.  Is some states, these schools are required to provide a Postsecodary School Bond.

Postsecondary Schools (Private Colleges or Universities) are
also governed federally, …

 

New Surety Bond Requirements in California 2018-19

New Surety Bond Requirements in California 2018-19

With the adjournment of the California legislature last August 31, 2018,

some enacted bills have affected some surety bond requirements for the state of California. Please read below for the specific changes. 

Alternative Project Delivery Methods

1. Assembly Bill 2654  – According to AB 2654, …