Surety Bond Education

If you are a new retailer of alcohol in the state of Texas you may be required to post a surety bond.  There are several different alcohol related bonds in Texas that you might be required to post including Conduct & Mixed Beverage Bonds.  We tell you more about each of those bonds below. Conduct Surety Bond One alcohol related bond you may need to post is either a $5,000 or $10,000 surety bond required by the Texas Alcoholic Beverage Commission.  The bond will guarantee that you will comply with the applicable laws of the commission.  The size of bond […]

In order to obtain an annual Over Gross Axle and Over Gross Weight Tolerance Permit in Texas you must first obtain a permit bond.  In this quick article we will tell you what this permit bond is, how to obtain the bond and how much it costs. What Is An Over Axle and Over Gross Weight Tolerance Permit Bond? This permit bond guarantees to the Texas Department of Transportation that you will pay for any damage that you cause to the highways on which you travel.  This bond covers an annual period but can also cover up to two or […]

In order to become a Notary Public in the state of Texas you must provide a $10,000.00 Notary Bond. What Is The Purpose Of A Notary Bond? A Texas Notary Bond protects the public from a notary public that does not up perform their duties honestly and appropriately.  An individual harmed by a notary may file a claim on the $10,000 Texas Notary Bond to be made whole.  A Texas Notary Bond is effective for 4 years and follows the term of your notary commission. How Do I Obtain A Notary Bond? There are 3 easy steps to obtaining a […]

Utilizing Subcontractor Bonds for Prequalification and Risk Management Whether you are a paper general contractor subcontracting nearly 100% of work or a prime engineering firm subcontracting work scope you do not self-perform, subcontractors are often extremely important contributors to a project. Because of this, it is critical to perform both prequalification and contractual risk management to avoid problems. Some solid risk management procedures include properly structured subcontracts which include flow-down of contractual responsibilities from the prime contract, indemnity provisions holding the G.C. and owner harmless, minimum insurance requirements for general liability, work comp, and auto as well as safety plans. […]

Who Needs a Motor Vehicle Dealer Bond? In the state of Texas, anyone applying for a motor vehicle dealer license will first need to obtain a motor vehicle dealer bond.  If you are engaged in the business of buying or selling vehicles as a dealer you will need this bond. In the State of Texas, the amount of the bond is $25,000.  But the bond amount varies by state. What Does This Bond Guarantee? A Motor Vehicle Dealer Bond guarantees that you, as the dealer, will provide valid payment to anyone from whom you buy a vehicle. It also guarantees […]

The City of Austin, Texas requires a $10,000 Right Of Way Bond in several different circumstances. This bond is associated with a Right Of Way Permit. Some of the instances when you need a Right of Way bond are when you need a Right of Way permit for the following: Temporary Use of Right of Way Driveway/Sidewalk Excavation We are a surety bond agency located in the Austin, Texas area. We can help you secure your City of Austin Right Of Way Bond. The process is simple and we can issue your bond the same day you apply.  Here are […]