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contractors

Bond Legislation Updates July 17, 2015

North Dakota increases surety bond amount for water well contractors

In June of 2015, ND Senate Bill No. 2189 was signed into law requiring well water contractors in North Dakota to post a $15,000 surety bond. Previously, contractors who worked with water wells, monitoring wells,…


loan

Bond Legislation Updates July 16, 2015

New Hampshire Mandates Loan Lender Bond

New Hampshire has revised its bonding requirements for small loan, title loan, payday loan and closed-end loan lenders to now require $25,000 surety bonds to attain licensure as a lender. Former legislation required either proof that the…


construction

Bond Legislation Updates July 8, 2015

Illinois Set to Enact Lien Bond Requirement

The 99th Illinois General Assembly has sent a bill to the governor’s office that, if approved, would establish a lien bond as a substitute for real property as the security for the lien. The bill,…


Small Business Scholarship July 6, 2015

Small Business Scholarship Winner Spotlight with Naperville News 17

Last week, we had the opportunity to meet one of our 2015 Small Business Student Scholarship winners. During a segment for Naperville News 17, our Digital Marketing Director Michael Henderson presented Anish Aggarwal with his award. Anish…


vehicle inspection

Bond Legislation Updates July 2, 2015

Vehicle Inspection Bond in Florida Increases to $100,000

The Florida House of Representatives has passed legislation on vehicle inspection bonds that will most notably increase the bond amount. Effective July 1, 2015, private rebuilt vehicle inspection facility owners in Florida have to provide…


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What is a surety bond?
What is a surety bond? Learn more below.
What Does It Mean to be ‘Bonded’?

What Does It Mean to Be ‘Bonded’?

The phrase “licensed, bonded and insured” appears frequently in business advertising—but what does it mean?


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