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COMMERCIAL BONDS (Click desired bond)
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License/Permit Bond:
When one has been granted a license to engage in a particular business or a permit to exercise a particular privilege upon condition
that they post a bond with the agency granting the license or permit
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Judicial Bonds
are separated into two categories:
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Court Bonds
- Required in a judicial proceeding where a litigant, in advance of a final decision by the court on the merits of his claim,
is allowed the remedy sort in their suit upon the condition that he files a bond.
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Fiduciary Bonds
- Required when one has been appointed to a position of trust to be administered under the jurisdiction of a court, such
as an Executor, Administrator, Guardian, Trustee or Receiver
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ERISA Bonds:
Required to protect the participants and beneficiaries from dishonest acts of a fiduciary who handles the plans assets. ERISA
requires every plan to bond any fiduciary and all other persons who handle plan assets.
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Public Official Bonds:
Required by state, county and municipal officers who are required by law to post a bond for the faithful performance of their
duties.
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Miscellaneous Bonds:
Include all bonds which do not fall within the classes described above.
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