Insights

The disruption of operations in 2020 put added emphasis on health-related safety procedures. As employees return to physical locations, employers are facing modifications to longstanding safety procedures, and new processes to adhere to health and safety regulations. For many employers, that is the full extent of their buy-in to safety training and management. Because of the pandemic, many employers were given leeway with regard to training. While many were able to move their safety training on

Posters that announce how many accident-free days the company has had tell plenty about the company's safety focus: employees. Employees are seen to be the torch bearers of safety for the organization. Employees are seen as the change agents for organizational safety. There may be placards outside an employer's plant or building, professing, 'Zero Accidents' as a goal. But that is, in fact, a non-goal. It doesn't identify what the company is striving to achieve. Zero accidents may be a side eff

Becoming A Freight Broker There has probably never been a better time to become a freight broker than now, with the US economy becoming stable and even improving each year, and an increasing need for new brokers in the freight industry. It can be a very rewarding career to be involved in since freight brokers are critical for maintaining the smooth flow of goods all across the country. It's not much of an exaggeration to say that freight brokers play a major role in keeping the economy itself r

Bonded Title If you need to register, insure, or sell a vehicle, trailer, or camper and cannot get a duplicate title from your DMV, check to see if your DMV allows for bonded titles. To obtain a title bond, the asset in question usually must not be abandoned, stolen, or the subject of any current or pending litigation. Since obtaining a bond requires signing legal documents, the information below will ensure that you understand the basics of bonded titles and the surety bonds behind them. If yo

A surety bond is a binding agreement that involves three parties; the principal (the entity executing the contract), the obligee (the person for whom the service is performed), and the surety (the party that underwriting the contract). The agreement protects the obligee from loss as a result of the principal's failure to execute his responsibility. There are two types of bonds; commercial and contract surety bonds. People looking for a local bonding agency should note that commercial bonds are

It's very important to understand how surety bonds work and how claims are filed, especially if you are the individual who is bonded. This is likely to be the case in a situation where you have been required to purchase a license and bond by the state you reside in, as a condition of doing business within state borders. When someone makes a claim against your surety bond, it is a legal action which the obligee in a bond agreement is entitled to take, so as to recover funds which that party may

A tax bond is a type of financial guarantee bond that may be required for your business if you operate in certain areas. Here at Surety by NFP, one of the main products we offer are sales tax bonds. Before you get started on the bonding process, you should be aware of what they are and the many different types, so that you can be well informed and make the best decision possible for your company. For anyone asking themselves "What is a tax bond?," it's a financial guarantee bond that offers sec

In states with tough construction defect laws, litigation has long been a burden on balance sheets for general contractors and created challenges in seeking adequate insurance coverage. Builders in states such as California, Colorado, Florida, Oregon and Washington, already challenged by construction defect laws, are now navigating an even tougher market thanks to material cost increases, concrete rationing, and delayed plumbing fixtures and kitchen appliances. Project delays, materials costs a

Weathering a hurricane begins with preparation.  That includes having insurance that fully protects your home and assets. It's always wise to review your insurance policy's documents to confirm that you have coverage related to wind and flood damage. Many people think their homeowners policy is enough, and find themselves left without coverage when they need it. Outside of reviewing and understanding your insurance policy, there are steps you can take to increase your safety and minimize l