A surety bond is a three-party contract between a principal, obligee and a surety. Surety bonds also are regulated by state insurance departments. The principal has an obligation to the obligee to ...

Advertising disclosure: When you use our links to explore or buy products we may earn a fee, but that in no way affects our editorial independence. Bonds function as legal contracts between three ...

Doing business in a fast and turbulent environment is difficult. Regulations change, new technology emerges, and rapid changes in external environments continuously affect small businesses. A major ...

A construction project can be a breeding ground for general contractor versus subcontractor payment disputes. Whether it is payment for extra work subject to the project owner’s approval, slow pay or ...

A surety bond is not an insurance policy although there is a basic similarity in the sense that there is a promise of indemnification for one of the parties concerned. An insurance policy is a ...

Is Your Entity in Compliance? Most durable medical equipment, prosthetics, orthotics and supplies (DMEPOS) suppliers must maintain a $50,000 surety bond for each location it has enrolled in Medicare, ...

The IRDAI released surety bond guidelines to guarantee that the bonds get issued in a fair and transparent way. These guidelines have the goal to promote and control the healthy and sustainable growth ...