Notary bonds are financial guarantees that notaries must purchase to ensure they fulfill their obligations concerning their notarial duties. This surety bond protects the public from financial loss if you (as a notary) make a mistake or perform a task unethically or illegally. If you violate the law or your surety bond contract in any […]
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Surety bonds can be confusing, so we’ve created a comprehensive glossary of terms and definitions to help. It can act as your guide as you navigate the world of surety. As a reminder, a surety bond is a three-party agreement that binds together a surety company, a principal, and an obligee. The surety company provides […]
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Securing a surety bond is a crucial step for many business owners and contractors. Whether you’re new to surety bonds or looking to dive deeper, this guide will provide valuable insights. Learn how bond premiums are calculated, the risk factors, and how you can earn better rates. What are surety bond rates? Let’s start with […]