Archive for December, 2016

Surety Bonds on the Rocks – Auctioneer Bond

Written by JoAnn Smith on December 28th, 2016. Posted in Commercial Bonds, License and Permit Bonds, On The Rocks, Surety Bond Blog

Bond Type:  Auctioneer Bond  bonnie - auctioneer
Definition:   This bond is for professional auctioneers.  It protects the public from fraud and other misuse of the process of auctioning property.  Most states require that individuals file a surety bond before they can be licensed as a professional auctioneer or auction house operator. Just like other surety bonds, auctioneer bonds protect consumers in the event of fraud or other ethical breaches. With this particular bond, consumers are typically protected against the substitution of goods and/or the misrepresentation of auction items by the auctioneer.
  • Application on
  • US citizen
  • Nothing derogatory on your credit report

Obligee:  State
Typical Bond Premium: This bond is based on personal credit and business history.  A Principal with strong personal credit might pay between 1.5 – 3%.  If the credit is lower the premium could go as high as 4-15%
Surety on the Rocks:  Apple Pie Cocktail 2 cups ice ½ cup Whiskey ½ cup apple liqueur 1 cup cranberry juice Sliced apples for garnish Add to shaker:  Ice, whiskey, apple liqueur, and cranberry juice.  Pour into 2 rocks glasses, and garnish with a slice of apple.bonnie happy hour  

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Surety Bonds on the Rocks – Agriculture Dealer Bond

Written by JoAnn Smith on December 22nd, 2016. Posted in Surety Bond Blog

bonnie - agricultureBond Type:  Agriculture Dealer
Definition:   This bond is required to protect producers against buyers who fail to pay for the product.  Agriculture Dealer Surety Bond is requested for persons who buy and resell products of agriculture (livestock, hay, grain, vegetables etc). They must be licensed with the Department of Agriculture and obtain this bond. This act was established to protect producers of agricultural products from unwarranted hazard and loss in the sale of their products and to ensure an adequate and available supply of products to the consumers within the state.  Unlike insurance the bond is in place to protect the public from the Agriculture Dealer. If there is a claim placed on your bond and you are found at fault the surety company will pay out, however, you will have to pay them back. This bond is fairly easy to obtain, all we need is a filled out application and we can get you a free quote right away.
Requirements:  Application on; US citizen; No current bankruptcy; There cannot be a felony or a disqualifying misdemeanor on the record.
Obligee:  State
Typical Bond Premium:  For most states, the bond will cost a percentage of the bond amount. This percentage is based on personal credit.
Surety on the Rocks:  Pumpkin Pie Martini ½ part whipped vodka ½ part spiced rum ½ part buttershots schnapps 2 parts half and half ½ part pumpkin puree Dash of pumpkin spice Add ingredients to an ice filled shaker. Shake and strain into a martini glass.  Garnish with whipped cream.  bonnie happy hour