Blog Archives - Page 2 of 9 - Simon Insurance
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Blog Archives - Page 2 of 9 - Simon Insurance

Probate Florida

The purpose of probate is to administer the estates of deceased persons, both those with and without wills. If there is a will, it must be proven valid. If proven valid, the estate must be administered according to the terms of the will. The court will appoint the executor named in the will. If no

Probate and Court Bonds

A court bond is a term that refers to several different kinds of surety bonds that are often required in court proceedings. The bond generally protects the parties involved against loss from fraud or misuse of finances. A probate bond, also known as an executor bond, fiduciary bond or estate bond, is a type of

Telemarketing Bonds

What is a telemarketing bond? A telemarketing bond is a type of surety bond which some states, including Florida, require call centers to obtain before they can legally place calls into those states. The most frequently-issued telemarketing bonds go to Florida. Telemarketing companies usually have to purchase this type of surety bond before even applying

Guide to your Performance Bond

A performance bond is a type of surety bond that guarantees a project will be completed as specified in the terms of a contract. The terms performance bond and contract bond are sometimes used interchangeably; technically, however, there is a difference. A performance bond refers to the completion of a specific project. A contract bond

Bonding Company Florida

When in need of surety insurance, Simon Insurance Agency is the bonding company Florida residents look to. Simon Insurance is Florida’s trusted source for all types of surety bonds. We offer two types of bonds that are important to contractors. They include the bid bond and the performance bond. A bid bond guarantees that the

Contractor License Bond

Of all the different types of surety bonds, the contractor license bond is among the most important. This is because a license bond is usually required by a government entity, whether it be a state, county or municipality. Contractor license bonds are a type of commercial bond that guarantees the contractor will fulfill the terms

Corporate Bond in Florida

A corporate Bond in Florida is the best way for a company to receive the necessary financial investment to expand and grow their firm or business.  But what is a corporate bond? The US Security Exchange Commission defines it as: “Corporate bonds are debt securities issued by private and public corporations. Companies issue corporate bonds to raise money for a variety

Why Is a Probate Bond in Florida Necessary?

Probate bonds, also known as estate bonds, executor bonds or fiduciary bonds, are required under the Florida court system in most estate cases. A probate bond ensures that the person or persons appointed as executors will perform their mandated duties as they allocate a deceased or disabled individual’s assets. Similar to collateral, a probate bond

Probate Bonds Florida

Probate bonds are surety bonds that guarantee an executor, an individual who is appointed to allocate a disabled or deceased person’s assets and property, will do so legally, properly and fairly. Other names for probate bonds include fiduciary bonds, estate bonds and executor bonds. The probate process is used to ensure that person’s estate is

Florida Contract Bonds

Generally speaking, a surety bond is a promise that a guarantor (the surety) will pay one party (the obligee) if another party (the principal or contractor) fails to fulfill the terms agreed upon in the contract. A contract bond is a type of surety bond that guarantees a contract will be faithfully fulfilled according to