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Surety Simplified With Bond Basics
Why do I need to have a surety bond? The short answer is “because THEY said so!” It’s the law. What does a bond do, anyway? Surety bonds are similar to insurance in that they offer protection from...
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Bonded With NAMB: It's Not Personal … It's Just Business
Why does the bond carrier underwrite me personally when my bond covers my company? Because the majority of licensed businesses are closely-held, meaning they are each owned by either one individual or...
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Bonded With NAMB: Consider the Source
The bond business is similar to the mortgage business in that it all starts with access to the products. Whom the customer chooses to guide them into and through the world of surety (or mortgages as a...
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Am I Paying Too Much for My License Bonds?
Not if you’re paying premiums of $5 per thousand (or 0.50 percent) of the bond amount! The premium you pay is certainly dependent on various underwriting factors: 1. Do you have decent credit? Not...
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NMP's Visionary Organizations
Every once in a while, an organization comes along, an organization that sets trends, remains ahead of the curve and sets a bar by which all others strive to attain. This month, we take a look at a...
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