Please read our blog about a wide variety of insurance topics. Please feel free to ask us any questions.
Florida Auto Dealer Bond Guide and Rates
Posted: January 22, 2023
Florida Department of Highway Safety and Motor Vehicles (FLHSMV) issues a number of different types of auto dealer licenses through its Bureau of Dealer Services. A state license is required in order to sell new or used automobiles, trucks, recreational vehicles, mobile homes, and other types of vehicles as a distributor, retailer, auctioneer, wholesaler, or salvage dealer. Whether you operate a dealership as a sole proprietor,...
California Contractor License Bond Guide
Posted: January 21, 2023
Contractor License Bond Contractors are required to file a $25,000 contractor license bond with the California CSLB to maintain an active license. The bond protects the CSLB by transferring to a surety bond company the cost of damages to the public resulting from a licensed business breaking California's Contractor License Law. Rates for a $25,000 Contract License bond start from $128/year and is all based on...
Auto Dealer Surety Bond Guide & Rates
Posted: December 4, 2022
Auto Dealer Bonds in Texas Texas Auto Dealer Surety bonds (Rates from $250 / 2 years) do not protect the car dealer from any lawsuits, but it protects the consumer from fraud or misrepresentation by the auto dealer. Also known as a motor vehicle dealer’s bond, it guarantees compliance by the licensed dealer with state laws. Texas auto dealer bond is set at $50,000 and...
Texas Notary Public Bond Guide
Posted: November 23, 2022
Notary Bond Guide Texas law requires all Notaries to purchase and maintain a $10,000 Notary surety bond for the duration of their 4-year commission. The Notary bond protects the Texas public against any financial loss due to improper conduct by an Texas Notary. The bond is NOT insurance protection for Texas Notaries but a protection for the consumer. Why Do I need a Notary Bond A...
California Contractor License Bonds Increase to $25,00
Posted: October 12, 2022
Effective January 1, 2023, the Contractors State License Board of California (CSLB) will increase a contractor license bond to $25,000 as detailed in Senate Bill 607. To meet this requirement, we will automatically increase all eligible in-force California contractor license bonds to $25,000 on January 1, 2023 via a blanket CSLB-provided rider. View the CSLB Industry Bulletin here. To maintain the principal's current California contractor license bond term(s), a...