Author: Paul Fazzio

In Florida, a Surety bond assures the purchaser’s customers that the Guarantor will meet financial obligations if the contracted party fails to keep their end of the bargain. There are many benefits to Surety bonds. […]

A Probate bond is a type of court bond that protects the beneficiaries and creditors of an estate in the event the Personal Representative fails to perform their duties or commits fraud. The primary purpose […]

An ERISA bond (or ERISA fidelity bond) is a type of surety bond that protects employee benefit plan beneficiaries. Its purpose is to ensure that beneficiaries receive compensation for financial loss if the fiduciary commits […]

In California, contractors are required to get a contractor license bond before they can obtain their license. In California, a contractor license bond protects a party that hired the principal against losses that may arise due […]

What is a Performance Bond? A performance bond (or contract bond) guarantees satisfactory completion of a project according to the terms outlined in the contract. If a business or an individual hires a bonded contractor […]

You have likely heard the phrase that a business is licensed, bonded, and insured. While most people know what a business license and insurance means, many may not understand the term ‘bonded’. A bonded business […]