Blog
What Is a Fronting Carrier in Surplus Lines Insurance?
Learn how a fronting carrier works in surplus lines insurance, when MGAs use fronting, and what brokers should look for in a fronting partner. For brokers, MGAs, and TPAs, the term fronting comes up early whenever a new specialty program starts to take shape. Everyone...
South Carolina Mechanical Contractor Bonds – A Guide for Existing, New and Out-of-State Contractors
If you’re planning to work as a mechanical contractor in South Carolina—whether you’re brand new, relocating from another state, or renewing an existing license—it’s important to understand how the state’s licensing and bonding requirements work. The Law That Sets the...
Surety Bonds vs. ILOCs
When project owners or obligees require financial assurance that a contractor (the principal) will fulfill its obligations—or that other statutory or development-related requirements will be met—they often consider two principal instruments: surety bonds and...
Alabama Professional Fundraiser Surety Bonds: What You Need to Know About the September 30 Expiration
If you’re a professional fundraiser or commercial co-venturer soliciting contributions in Alabama, you’re required to obtain and maintain a $10,000 surety bond under Section 13A-9-71 of the Code of Alabama. This bond protects donors and the State against any...
Securing Financially Responsible Officer (FRO) Bonds in Florida
1. Introduction In Florida’s competitive construction industry, financial integrity is paramount. The Financially Responsible Officer (FRO) ensures payroll, tax remittances, and vendor payments are managed properly. To demonstrate this commitment, Florida law requires...
What Is a Game of Chance Bond?
Introduction Operating games of chance—whether raffles, sweepstakes, bingo, or promotional contests—can be a powerful way for businesses and nonprofit organizations to engage customers and raise funds. However, both New York and Florida impose strict requirements to...
