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Whether you're a one-person operation or have a firm of 20+ attorneys, our team of professional know the right coverage you should have on your Professional Liability policy. Get started with a thorough cost analysis and quote comparison today!
Legal Defense Costs: Understanding D&O Coverage for Legal Battles
In the intricate dance of corporate governance, legal battles are an unfortunate reality that directors and officers may face. Navigating through these legal challenges requires not only strategic decision-making but also a robust shield against the financial ramifications. Directors and Officers (D&O) insurance steps into this breach, providing […]
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The Bunker Talk Ep #3: Using Cybersecurity to Elevate Your Business
In the latest episode of Bunker Talk, David Bennett, President of Connections for Business, talks to us about the complex world of cybersecurity for small businesses. As technology continues to advance, so do the threats that jeopardize the security of sensitive information. Bennett sheds light on essential aspects […]
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Common Pitfalls to Avoid in General Liability Audits: A Roadmap to Success
Embarking on a General Liability audit can be a challenging journey for businesses, and navigating the potential pitfalls is crucial for a successful outcome. In this quick to read article, we will explore common pitfalls that businesses often encounter during General Liability audits and provide insights on how […]
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Understanding the Basics of EPLI Insurance
One often overlooked but critical aspect of your business insurance plan is Employment Practices Liability Insurance (EPLI). In this comprehensive guide, we will delve into the fundamentals of EPLI, shedding light on why it’s indispensable for businesses of all sizes. The Foundation of EPLI What is EPLI, and […]
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The Bunker Talk Ep #2: The Missing Piece to Your HR Team with Doug Murphy
Welcome to Episode 2 of Bunker Talk! In this enlightening episode, we sit down with Doug Murphy from Puzzle HR to explore the evolving landscape of Human Resources and the transformative role Puzzle HR plays in supporting businesses. Join us as we unravel the complexities of HR, technology […]
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7 Tips to Managing Your Certificates of Insurance
Insurance policies play a crucial role in protecting businesses and individuals from unforeseen risks. However, the process of managing and updating these policies, especially when it comes to dealing with certificates of insurance for every job you are doing, can be complex and confusing. Understanding the Basics: What […]
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The Bunker Talk Ep #1 – Payroll Questions Every Business Owner Should Ask – With Michael Ross
In our inaugural podcast episode, we delve into a critical aspect of business operations that often gets overlooked—payroll management. Our guest, Michael Ross from Heartland Payroll, sheds light on the impact of choosing the right partner for your payroll needs. Michael Ross brings a wealth of experience in […]
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What is Product Liability Insurance and Why Do Manufacturers Need It?
In the complex world of manufacturing, ensuring the safety of your products is paramount. With the ever-present risk of product-related mishaps, having a robust safety net becomes more than just a precaution—it’s a necessity. This is where Product Liability Insurance steps into the arena, offering manufacturers a safety […]
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OSHA Compliance: A Guide to Key Requirements for Manufacturers
Manufacturers operate in dynamic environments, where safety is paramount. Understanding and adhering to the Occupational Safety and Health Administration (OSHA) requirements is crucial to creating a secure workplace. In this guide, we’ll explore the key OSHA requirements for manufacturers, addressing frequently asked questions to ensure comprehensive compliance. Key […]
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5 Factors Driving Florida Commercial Property Insurance Rates
When it comes to safeguarding your business assets, commercial property insurance is the unsung hero. But the burning question on every Florida business owner’s mind remains – what factors influence the cost of commercial property insurance? Why does it continue to increase so dramatically every year? Let’s cut […]
Read MoreFrequently Asked Questions
A bond in layman's terms is a way to secure a debt.
It is a way of you the consumer, being able to put up a little cost upfront that says “I am letting you borrow this money so as to your agreement to pay the face value of the said bond if ever needed”. In the real world, bonds can be issued by a government, municipality, corporation, federal agency, and other entities.
A surety bond is a contract between three parties. The person who is the recipient of an obligation, the primary party who will perform the contractual obligation and the person who assures the obligation will be done.
These bonds are a type of surety bond. They provide a proof and guarantee of ownership to the Department of Motor Vehicles. When no other form of documentation is available a Lost Title Bond shows the DMV that you are the “owner” of said vehicle.
Contractor bonds are one of the most “popular” bonds you will see asked for in the insurance space. Contract bonds are used in the construction industry by general contractors. They are a guarantee to a project’s owner that the general contractor will adhere to the contract put in place.
These types of bonds function as a guarantee to a government entity that a company will comply with a statute, state law, ordinance, etc.
Some examples are but not limited to:
- Contractors License Bonds
- Tax Bond
- Environmental Bonds
- Broker’s Bonds
- Motor Vehicle Dealer Bonds
- ERISA Bonds
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This is FAQ answer. Click to edit this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.