by Jacob Egert | Sep 5, 2023 | Informational
Introduction In the world of business and finance, security deposits and letters of credit have long been the go-to tools for providing financial assurance in various transactions. Whether you’re renting an apartment, starting a new business, or engaging in...
by Jacob Egert | Aug 29, 2023 | Informational
In the intricate realm of employee benefits and retirement plans, the protection of participants’ funds is of utmost importance. The Employee Retirement Income Security Act (ERISA) of 1974 was introduced to ensure the rights and interests of employees in their...
by Jacob Egert | Jul 23, 2023 | Informational
Lexington National Insurance Corporation is a proud member of The Surety & Fidelity Association of America (SFAA), the leading national trade association for sureties. The SFAA recently engaged Ernst & Young (“EY”) to analyze whether bonded construction...
by Jacob Egert | Jun 30, 2023 | Informational
At Lexington National Insurance Corporation, our extensive expertise lies in providing comprehensive insurance solutions tailored to the specific needs of original equipment manufacturers (OEMs), service contract providers, and obligors. We understand the intricacies...
by Mark Holtschneider | Mar 27, 2023 | Informational
Admitted or Surplus? The first question is whether the policy will an “admitted” or “surplus” policies. An admitted policy is one that an admitted insurance company will write. If the policy does not fall within the admitted market, then it is deemed a surplus policy....
by Jacob Egert | Mar 22, 2023 | Informational
Surety bonds are an instrument that businesses and individuals use to guarantee their performance on a contract or agreement, or compliance with a license or other directive. They are often required by law or by the party that is hiring the contractor or service...
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