You need to have at least one good bonding relationship, and that relationship should be with your surety broker. A good surety broker can effectively guide you through what could otherwise be an unwieldy and confusing process. For companies where bonding is critical, you may also want your broker to…
Read More
Life Sciences companies frequently fail to enter formal contractual agreements with their suppliers, and instead rely on insufficient purchase orders or contracts that don’t provide enough detail. Here are some pitfalls: i) Purchase orders are one-sided and typically don’t require the supplier to indemnify or carry appropriate insurance. ii) Is…
Read MoreWithout the right surety broker, you are rolling the “bonding dice.” Worse yet, some people don’t know they are essentially gambling when it comes to their company’s surety bond needs. Surety bonds are a very specialized non-insurance credit product, and a relatively small niche segment of the entire insurance industry.…
Read MoreOn occasion, the client of an attorney will need a surety bond, and these bonds are placed by surety brokers. We refer to these as Court, Fiduciary and Probate Bonds, which are required by various courts in our judicial system. These bonds are used to protect either property or money. …
Read MoreFor any business that needs surety bonds, it is wise to find an experienced surety broker (an individual) to help you navigate the industry and find the right surety company to partner wit When you enter into a surety bond relationship, you are essentially entering into two important relationships, one…
Read MoreI am pleased to announce that I will be representing Oswald by discussing my knowledge and insight on life insurance and financial specialties on the nationally syndicated radio show, Straight Talk Wealth. The program can be heard in the Cleveland-Akron area on WHK (1420 AM) every Sunday from 3–4 pm. …
Read MoreEvery day, mergers and acquisitions are making headlines across the globe. These transactions, which bring smaller companies together to make a bigger one that can rapidly grow in its sector, are a big part of many companies’ growth strategies. They also can play a big role in those companies’ future…
Read MoreA surety bond is nothing more than a third party guarantee of an obligation between two other parties. The majority of surety bonds guarantee performance of a contract and/or payment of monies legally owed to others. Sounds pretty simple right? Well, not really. When we are asking a surety company…
Read More