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Because they defy classification and are unique in purpose, many bonds fall under the general description of Commercial or Miscellaneous Bonds. These Bond Types cover a broad range of industries and obligations. They may cover obligations under a license; an obligation to perform certain duties; an obligation to remit monies; an obligation to pay certain taxes, etc.The ProSure Group handles all kinds of these bond types. Here's a list of common bonds:
  • License and Permit
  • Utility Deposit Bonds
  • Motor Vehicle, Mobile Home Dealers
  • Financially Responsible Officer
  • Customs Bonds
  • ERISA Bonds
  • ICC Brokers
  • Seller of Travel
  • Agricultural Dealers
  • Title Agents
  • Mortgage Lenders & Brokers
Guarantees that a contract will be performed and all project-related subs and suppliers will be paid. These surety bonds are mandated by law on public works projects over certain contract amounts. However, the use of surety bonds on privately-owned construction projects is often required too. They help the project owner manage the significant risks involved. These bond requirements are typically at the owner's or the lender's discretion. Additionally, subcontractors may also be required to obtain surety bonds by the prime contractor to manage subcontractor payment and default risk. This is particularly common when the subcontractor is a significant part of the job or is a specialty contractor that is difficult to replace.
Courts often require bonds for fiduciary responsibilities and prior judicial actions.

Fiduciary bonds ensure performance of someone acting on another's behalf. Judicial Bonds ensure that both defendant and plaintiff in a legal proceeding have enough money to pay the other party, should the case be decided against them.

Most Common Fiduciary Bonds:
  • Administrators
  • Executors and Administrators
  • Guardians, Executors, Conservators, Trustees, Committees
Most Common Judicial Bonds-Defendants & Plaintiff Bonds for:
  • Replevin
  • Garnishment
  • Injunction
  • Attachment
  • Appeal, Supersedeas, Stay of Execution
  • Indemnity to Sheriff

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