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What is the Difference Between a Surety Bond and Insurance

What is the Difference Between a Surety Bond and Insurance?

Comparing surety bonds and insurance policies can be difficult because they both provide protection to individuals and businesses, but their approach to protecting those individuals […]

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Senior Couple In Garden With Adult Children

Financial Exploitation by Family Members When One is Under Guardianship

Introduction A guardianship surety bond is a bond that provides protection for a ward in the event of any financial exploitation or mismanagement of their […]

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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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