How does a bail bond work? Bail bonding is an inexpensive way that a contractor can guarantee that work will be performed up to the specifications within the timeframe assigned. The biggest advantage for contractors is their low cost, releasing their assets from being tied up to guarantee job performance, which would severely limit their […]
Owning your own business can be a valuable and challenging business. A particularly challenging business is that of bail bondman. The laws for this type of work differ greatly from state to state, and those who undertake such work often find themselves in stressful situations. For the brave of heart, here are the steps to […]
A license bond is one of several different types of commercial bonds needed for a business to engage in certain types of business practices. Bonds of this type may be required before a local municipality or a state or federal agency will grant the license necessary to legally engage in those who are business. The […]
The surety is an agreement whereby someone guarantees a commitment and thereby undertakes towards a creditor to comply with that undertaking if the debtor does not himself comply with it (art. 2011 Dutch Civil Code). The guarantee is a consensual, unilateral and additional agreement that is concluded in principle ‘for free’: Consensual : The bail arises […]
Types of bonds that we grant In general, our clients are in the construction, works and supply sectors; They are both national and foreign contractors that need to take hold before governmental entities, and to which we offer different types of bonds: Loyalty Bond Guarantees compensation for property damage caused by an employee […]
Among the debt securities are customary for many modern investors, a bond and an exotic bill of exchange. Both instruments have a similar functionality – the issuer who borrowed funds for a bond or bill, undertakes to redeem the paper after a certain period of time and pay its owner a fee. What are […]
When a Bond Policy is involved and a breach of contract is presented by credit, the beneficiary of the same has the right to issue the corresponding “claim”. In addition to immediately notifying the Surety company, it is necessary to present a series of documents proving this breach. In order to prove the existence and […]
Bonding and insurance are both forms of protection against financial loss, but they work a little differently, and in some industries, people can be tied and insured so they thoroughly cover. In either case, the coverage involves making regular payments to a third party, known as a security, in the case of a bond and […]