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What is a Surety Bond

Filing a Claim on a Surety Bond

Surety bonds are contracts between three parties: the surety (the party issuing the bond), the obligee (the party requiring the bond) and the principal (the […]

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Security for Cost Bond

Security for Cost Bond Explained

Introduction A security for cost bond, also known as a “cost bond,” is a bond posted by a party to a lawsuit guaranteeing that the […]

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Probate Bond Issues

Probate Bond Issues That Can Cause Legal Counsel Liability in Illinois

Though it is rare, there are cases where an estate is closed without the surety bond premium being paid. This can lead to potential liability […]

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Lost Securities bond

Lost Securities Bond, also known as Lost Instrument or Lost Note Bond

A surety bond is a type of insurance that protects against losses caused by the failure of another party to meet its obligations. When a […]

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Chicago, Illinois

Surety Bonds Illinois

To learn more about surety bonds, please read our blog post: What is a Surety Bond. The state of Illinois requires surety bonds for many […]

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What is a Surety Bond

What is a Surety Bond?

A surety bond is a type of insurance. It differs from other types of insurance, such as home or car insurance which minimize risk in […]

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