Surety Bonds

Required for most grain elevator operators. This bond guarantees that the elevator complies with the rules and regulations set forth by state and federal agencies regarding grain storage

Required for people licensed with the Department of Agriculture who buy and resell agricultural products. Dealer bonds include grain dealer bonds, hay dealer bonds, livestock dealer bonds, milk dealer bonds and produce dealer bonds.

Required for fuel sellers, such as convenience stores, to guarantee payment of all required taxes, penalties and any interest owed.

Make a guarantee to owners of construction projects (the obligee) that the contractor (the principal) will meet the obligations of the project. If the contractor fails to deliver the project specifications or engages in harmful business practices, the surety company will find another contractor to complete the project or reimburse the project owner. These are the main types of Contract Surety Bonds:

Guarantees the contractor will honor the terms of a bid for a construction project after winning the bid. This protects against instances in which construction companies submits low ball bids and then change the terms of the contract after they are chosen to work on it or back out altogether.

Guarantees the contractor will complete the project and adhere to the terms of the contract. In the event of a contractor’s default, the surety company will step in and make the obligee whole.

Guarantees the contractor will pay all subcontractors and suppliers for labor and materials provided

Guarantees the contractor’s work during the warranty period. The maintenance bond will pay out if the defective workmanship or faulty materials result in financial losses for the project owner.

Commercial Surety Bonds include a number of different types of bonds that generally are required by various regulations, ordinances, and entities, including federal, state, and local governments, to protect the public interest, helping to ensure that individuals and businesses adhere to the rules and regulations that protect the public. Commercial Surety Bonds typically fall into the following four categories:

These are Surety Bonds that are needed in court proceedings and can serve many different purposes. The two main categories of court bonds include:

These are Surety Bonds that are needed in court proceedings and can serve many different purposes. The two main categories of court bonds include:

Guarantees that the fiduciary, or the person who acts on behalf of another person to manage assets or interests, will lawfully and ethically execute his or her duties under a court ruling. Common fiduciary bonds include trustee bonds, guardian bonds, conservator bonds, and administrator bonds.

A marijuana surety bond is a bond that businesses need to obtain before they can open a medical or retail marijuana dispensary. There is no one nationwide type of bond referred to as a marijuana surety bond. Instead, depending on the state, there are a number of bonds of different scope and purpose required for the licensing of medical or recreational marijuana dispensaries. Currently, applications for medical and recreational marijuana dispensaries are mainly accepted in the state of Colorado. Other states such as Illinois, Connecticut, Florida and Nevada have a more restricted application process. The marijuana, bond required in the state of Colorado can be understood as a subcategory of another type of bonds – a sales tax bond.

DMEPOS Bonds are required by the Centers for Medicare and Medicaid Services (CMS) of all providers and suppliers of “durable medical equipment, prosthetics, orthotics and suppliers”, if they intend to bill Medicare for the equipment