Blog Archives - Simon Insurance
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Blog Archives - Simon Insurance

What are Probate Bonds for Estates?

Need a Probate Bond for an Estate? Contact Us Today Not sure if you need a probate bond for an estate? At Simon Insurance Agency, we want to help you find what you need and clear up some of the confusion in obtaining a probate bond for an estate. What are Probate Bonds for Estates?

What is a Fiduciary Bond | Simon Insurance

With the many variations of surety bonds available, it can be easy to get them mixed up, but knowing the differences between each type of bond can help you more easily identify your specific needs. In this blog we’ll be focusing on fiduciary bonds. Fiduciary bonds are court bonds that probate courts often require. Many

Surety Bonds are Vital to Consumer Protection

You don’t have to look very far to find daily stories in the news about unethical business or fraud. Now, more than ever, it is increasingly important to focus on consumer protection and find effective ways to protect their rights while also conducting business in an efficient and practical way. Surety bonds accomplish all of

What are Lottery Bonds

In many states, businesses who sell lottery tickets or even use lottery equipment for commercial needs are required to post lottery surety bonds. These bonds protect the state and the consumer if a business improperly handles lottery funds or rigs lottery equipment. Lottery surety bonds make sure that lotteries are conducted in an ethical manner.

How to Get Bonded in Florida

Bonding is a very common procedure in both the business and legal world. In fact, many contracts require bonding, and court bonding is often required under Florida law. In most cases, it’s not difficult to obtain a surety bond when you work with a reputable bonding company. A good credit history is almost a guarantee

Contract Bond Florida

A contract bond is kind of performance bond that serves as a guarantee that all duties and service promise by a contractor will be fulfilled as it is stipulated in the contract.  Legal contract bonds normally come with a payment bond, which is a financial compensation for all work and material expenditures accrued in the

What Is a Surety Bond?

A surety bond is a guarantee between the following three parties: 1. Principal: The party required to obtain the bond. 2. Obligee: The party that requests the bond for security. 3. Surety company: The party that promises the obligee that the surety will pay if there is a claim. Both the principal and surety company

Florida Fidelity Bond

A fidelity bond is actually a type of insurance a business owner purchases to protect the company from losses due to dishonest or fraudulent activities conducted by its employees. There are two types of fidelity bonds. A first-party fidelity bond insures the company’s assets, including money, securities and property against any wrongful, intentional acts, such

Fiduciary Bonds and Probate Bonds

A fiduciary bond is another term for a probate bond, which is a type of surety bond that ensures an executor or guardian, known as a fiduciary, will legally and ethically carry out his or her responsibilities in handling another’s assets. Other terms for probate bonds include executor bonds and estate bonds. In order to

What Are Probate and Estate Bonds?

Probate bonds, also known as estate bonds, safeguard rightful heirs as they assure a fiduciary or executor will manage the estate of a departed individual in accordance with the will and adjudication of the court. Other phrases used for this bond are executor bonds and fiduciary bonds; while the titles differ they still give you