Saturday, July 31, 2010  
Commercial and Construction Surety Bonds  
COMMERCIAL BONDS  (Click desired bond)
  • License/Permit Bond:   When one has been granted a license to engage in a particular business or a permit to exercise a particular privilege upon condition that they post a bond with the agency granting the license or permit
  • Judicial Bonds are separated into two categories:
    • Court Bonds - Required in a judicial proceeding where a litigant, in advance of a final decision by the court on the merits of his claim, is allowed the remedy sort in their suit upon the condition that he files a bond.
    • Fiduciary Bonds - Required when one has been appointed to a position of trust to be administered under the jurisdiction of a court, such as an Executor, Administrator, Guardian, Trustee or Receiver
  • ERISA Bonds:   Required to protect the participants and beneficiaries from dishonest acts of a fiduciary who handles the plans assets. ERISA requires every plan to bond any fiduciary and all other persons who handle plan assets.
  • Public Official Bonds:   Required by state, county and municipal officers who are required by law to post a bond for the faithful performance of their duties.
  • Miscellaneous Bonds:   Include all bonds which do not fall within the classes described above.

 

Atlynx Surety Brokers, LLC.
777 Zeckendorf Blvd.
Garden City, NY 11530-2127
Phone: 516-745-7520
Fax: 516-794-0380

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