Blog
What is a notary bond?
To delve into what a notary bond is, we first need to define what a notary public is. The Secretary of State’s office in a given state appoints an official to the position of notary public. Just like many public officials, the State requires the person to acquire a notary bond or surety bond prior […]
What is a Bid Bond?
Definition of Bid Bond A bid bond is a type of surety bond used when companies bid on public construction projects. If you have a business and you want to bid on the government’s construction work, one of the requirements you will come across is a bid bond that will be included with your proposal. […]
What is an ERISA Bond?
ERISA stands for Employee Retirement Income Security Act. The legislation was signed into law back in the 1970s to prevent fraud. The law requires anyone who handles someone’s retirement funds to be bonded. The bonding laws are intended to protect retirement and employee benefit plans from becoming victim to fraudulent activity. That means a fidelity […]
What is a Title Bond?
A title bond is a certificate used to help verify ownership of a motor vehicle. Isn’t that what the original title is for? Ideally, yes. But there are plenty of occasions in which someone needs to buy a car that doesn’t have a title. For instance, if you buy a classic car you plan on […]
What Type of Construction Bond Do You Need?
You can’t be an effective contractor without holding the right bonds. Yet, for many contractors, knowing which bond to get for which project, and for how much can add a whole new layer of complexity and confusion. Here at Southwest Bond Services, we specialize in writing all types construction-related bonds. In this article, we’ll look […]