Surety bonds are an essential aspect of many industries, providing a guarantee that a party will fulfill its obligations. Appeal bonds, also known as supersedeas bonds, are a type of surety bond used to stay enforcement of a judgment pending appeal. In this blog post,...

At Lexington National Insurance Corporation, we’re experts on providing insurance for service contract providers. So, we get lots of questions from those who are thinking of getting in to the service contract business, or for those who have never delved in to the...

Have you ever gone back and forth with a surety underwriter to get a relatively small surety bond approved? Lexington National has developed a Contract Surety Rapid Express program that allows agents to quickly obtain approvals on contract surety bonds $750,000 and...

Have you ever purchased a service contract (sometimes referred to as an extended service plan or extended warranty) for your home, car, or consumer good? Most states regulate sellers of service contracts and require that the entity selling the contract has adequate...

Have you ever applied for a surety bond and were told by the underwriter or your agent that to be approved for the bond, that you would need to post collateral? This article goes into detail to explain why collateral is sometimes required as part of the surety bond...