An Overview of Surety Bonds and How You Benefit from Having One
A surety bond is often a misunderstood legally binding contract. Your purpose for contacting surety bond companies Minneapolis MN to get one depends on your professional or personal reasons for needing one. They are part credit and part insurance with guarantees of fulfilling obligations when needed.
A Sure Definition Everyone Understands
Essentially, a surety bond is an insurance policy that is required by an obligee, which is the party requiring the bond. Usually, the obligee is a government agency requiring the bond to protect the government and citizens. If obligations are not met, the agency can file a claim
The person obtaining the bond is called the principal who is required to abide by the terms of the bond. Not doing so is what can lead to a claim.
How to Obtain a Surety Bond
The first step in obtaining a surety bond is determining which one you need. Thousands of bond requirements exist. Purchasing the wrong one will lead to it being rejected by the obligee.
For example, a specific contract, such as jobs over $100,000, requires a contractor bond. A surety bond that is not for a specific contract falls under one of several categories:
- Court bond – required by a court
- Fidelity bond – insurance for your business
- License/Misc. bond – required, but not for a specific contract
Benefits to Having a Surety Bond
Surety bond companies Minneapolis MN making a guarantee on your behalf is usually a better option. You do not have to part with liquid cash to get what you need done.
Credit can be extended through the surety with only your signature as collateral. Going to the bank for the same amount of credit means your house is used as collateral.
Unless you want to become a bond expert, it might be difficult to know what your surety bond guarantees. The good news is you do not have to be an expert. An agent at the surety bond company you choose can explain the specifics.
Since there are thousands of different bond requirements, it is not reasonable to expect them to memorize each one. However, as a service to you, they will research and give you a firm solution.…
Civil Law in Florida
In 2016, more than 171,000 Florida residents filed legal petitions with the state’s Circuit Civil Division. If you or a loved one has been injured or has suffered significant property damage through the careless actions of a third party, a personal injury law firm Hillsborough County may be able to help you protect your rights in the civil courts and get the compensation you deserve.
What Is a Civil Action?
Civil law is a body of laws that offers legal remedies for disputes between private individuals. Often such disputes arise over claims that one party was derelict or negligent in the duty of care he or she owed to the other party. A civil action is not a criminal prosecution.
Florida has adopted a pure comparative fault standard, which means that if the negligence of two parties caused injuries or property damage, liability is apportioned between those two parties. This is true even when one of the two parties is the plaintiff bringing the civil action. If your own reckless behavior was responsible for 60 percent of an accident, you may still be able to recover 40 percent of your damages from the other party, but you will not be able to recover more than 40 percent.
What Types of Civil Actions May Be Brought in Florida?
Florida’s Circuit Civil Division handles the following types of cases:
• Professional malpractice and product liability: Malpractice occurs when the incompetence of a professional causes injury to a client.
• Motor vehicle accidents and other types of negligence. This category also includes environmental torts in which plaintiffs allege injuries precipitated by air pollution or water contamination.
• Contracts and indebtedness. One party’s failure to carry out the terms of a contract is referred to as a “breach.”
• Other business disputes: Business disputes that do not arise from contract breaches per se include disputes over intellectual property, antitrust actions and disagreements over indemnification.
• Other: This category is small and exists as a catchall for civil torts that don’t fit neatly into the preceding four categories. A dispute over eminent domain, for example, might be classified within this category.…
Reasons To Consider Becoming A Notary
Millions of people around the country serve as a Notary Public. The job of a Notary is to help protect people from things such as identity theft and fraud. It is a very sought-after position. Many businesses, corporations and even individuals have Notaries on staff to help them with a lot of paperwork. Many people might think that being a Notary is boring or mundane. However, when you decide to become a notary in Illinois, you will soon see the many benefits of doing so.
Easy To Become A Notary
One great thing about this job is that is it simple to become a Notary Public. All you have to do is sign up for a reputable school online like the one found at www.notarybonding.com. You can complete your classes in less than a year.
Improve Skill Set
Notaries are in high demand across a variety of industries such as medical, finance, banking, government, legal and technology fields. Becoming a notary will add to your skills and place you at the top of job offers. You can easily make yourself a top applicant for many jobs you are interested in.
Flexible Schedule
As a Notary Public, you can set your own hours and work as little or as much as you like. If you are the type that loves to give back to your community, a Notary has a unique position to help people who cannot otherwise pay for Notary services. The elderly, disabled and homeless need help with Notary services and usually cannot afford them.
Make Extra Money
If you are looking for a way to make some extra income on top of your current job, becoming a Notary Public is a great way to earn a part-time income in your spare time. As a notary, you can easily work a little or a lot depending on your schedule.
As you can see, there are many benefits to considering becoming a Notary Public. If you are looking for an easy and satisfying way to make a little extra money on the side, this might be the job you are looking are looking for.…
7 Important Networking Tips for Startup Founders
Networking is essential when you have started up your own startup company or small business, and while networking can be a fun it can be equally terrifying. You’ll be meeting people that began their startups years ago, and are now ridiculously successful – how on earth can you hope to interact with these people? Surely they will just ignore you? If you know what you are doing, networking for startup founders is not actually that frightening, you just need to know what you are doing. Here are my seven most important networking tips for startup founders:
- Remember it’s all about give and take
Networking is not a process by which you try to get as much as you can from the other party – instead, it is more about what two people and companies can offer each other. Make sure that you are not demanding too much from the people that you interact with. Even though you are a startup, there is automatically something of value that you can offer people. Once you have identified that, make sure that you lead with that, instead of appearing like someone incredibly needy.
- Don’t try and meet everyone
Yes, there are thousands of businesses and companies out there that could help you – but sorry, there is just no way that you can be friends with everyone. You will eventually drive yourself mad trying to remember all the names and faces, where you met them, and what you agreed to do for them or with them. This inevitably ends up with you spreading yourself too thin and sitting in pointless and unproductive meetings all day. You need to whittle them down to something that is more reasonable and manageable for you. After all, you do have a startup to be running! In order to execute this important networking tip properly, I suggest that you invest time in doing your homework, have a game plan ready and only then start the actual process of getting meetings.
- Everyone is valuable
It is all too to dismiss someone that you meet through a networking event if they do not seem to be particularly important or useful. But you never know when knowing that person or having a link into their startup could be incredibly valuable to you, and actually make or break your own startup. Try not to judge people too harshly on the number of employees they have, or whether you’ve heard of them or not. It is often the companies that are running things behind the scene that have the most power.
- Keep emails short and to the point
You know how many emails run through your inbox every day? Triple that, or even more, and you are getting slightly close to the number that large companies receive from people that they don’t even know. People don’t have time to read through five pages of why it would be brilliant if you could work together. Instead, send a short email that says you enjoyed meeting them – say where and when to remind them – and mention something that you discussed at the time that requires a follow-up. If you don’t hear from them within three working days, send another email. If you don’t hear in a week, ring them. Be persistent.
- Always carry business cards
This is one of the most important networking tips on earth, like it or not business cards are still relevant for networking worldwide. One of the most embarrassing and irritating things that many new startup founders do at networking events is have a wonderful conversation with someone, and then just walk away. How on earth is that person meant to remember you, or contact you! By carrying business cards at all time, with your name, the name of your startup, and a contact number or email that you use regularly, you will be able to keep in contact with those that are interested in potentially working with you in the future. If you want to, whenever you give one out ask for one in return. That way, you can keep track yourself who you have spoken to.
- Don’t take a rejection personally
No one has unlimited time, and that means that sometimes, someone has to give. This may mean that at some networking meetings, there are people that don’t have the time to talk to you, or when you strike up a conversation, say “No” pretty early on. This is not a slight on your company, your startup, or yourself. It is simply an honest reflection of their time restraints, and you should never take it personally. After all, before too long you’ll be saying the same thing to a new startup founder that starts talking to you.
- Don’t force a relationship
One of the worst things you …
5 Advantages of Hiring a Property Solicitor When Buying a House
A property solicitor helps with the transfer of property from one person to another. Property solicitors are certified and regulated by professional bodies. These organisations set standards of practice for the solicitors and also legally protect consumers from poor service. There are many advantages of hiring property solicitors. Here are some of them:
- Reduces Stress
Buying a house can be tedious. There are many legal aspects to consider, and taking advice from a random person or organisation will not guarantee you any form of protection. Solicitors are regulated and are required to give you proper legal advice. In case you make a poor decision based on wrong legal advice, you will still be protected. Handling the entire conveyance process alone is almost impossible since there are many lengthy and complex laws and regulations, and these are applied in many different ways.
- Financial Protection
As noted, a real estate lawyer is required by law to act in your best interests. Buying a house can be very expensive, and missing a few legal requirements can lead to significant losses. In case anything goes wrong, you will not lose any money since the solicitor will cover all losses that result from their advice.
- It Saves You Time
If you choose to handle the process yourself, you may have to spend a lot of time learning the legal aspects of buying a house. This is in addition to the extra hurdles of home inspection, releasing of contingencies, getting your loan, disclosures, and planning for your move. You also have to audit the file to make sure every disclosure is initiated and signed by the relevant parties. If you want to focus on your job and other affairs, you will have to leave the legal issues to a certified property solicitor.
- It Speeds up the Sale
The entire process of buying a house can take months. A good property solicitor knows the hurdles of buying a house since that is their field. They already know which documents to find and sign, meaning unnecessary delays will be avoided. The solicitor also knows when they should hire a third party to help them search for information and documents such as mortgage agreements. This way, the sale will progress faster.
- The Property Search
Looking at the house with an estate agent doesn’t give you all the information you need about the property. A solicitor will perform a complete property search and give you some useful recommendations. Here are some searches they will perform:
- Local authority search- The solicitor will find out whether there are any government plans to use the space you are about to buy.
- The title register and title plan at Land Registry. These documents will prove that the seller is the legal owner of the property.
- Environment search- This report is provided by Landmark or Groundsure. It will give you information about land contamination at or around the land you intend to buy. Also, you will be able to see detailed predictions on the weather and floods. Other environment-related factors will also be covered in this search, including radon gas hazards.
- Water authority search- If the public drains on your property will affect any extensions, you will be notified in this search.
There are other searches that will be recommended based on your exact location. For example, you may have to carry out a mining search if you are buying a house in Cornwall.
Conclusion
Property solicitors can significantly smoothen the home buying process. They will make sure nothing goes wrong in the transaction since they are legally required to give you proper advice. They also help you handle the teddious paperwork involved in buying houses. You can find a solicitor on the internet or through referrals. However, it is not always a good idea to go with your estate agent’s recommendation since you may have to pay extra money to cover the referral commission.…
The Ways in Which Term Insurance Can Aid Us Financially
Many people are not familiar with the actual concept of Term Insurance. It’s basically a type of life insurance plan that provides coverage after the untimely demise of the respective policyholder. However, no advantage would be given to the policyholder in case of his/her survival on completion of the policy tenure.
Any person living in a rented house wishes to own a dream house due to the frequent shifting difficulties. Many people want to put a halt to the regular conflict with their landlords by purchasing their own house. However, it’s not as simple as it looks because many factors are associated with purchasing a house, such as selecting the appropriate house, arranging budget, and so on.
Can A Term Insurance Help Us To Get A Loan?
A Term Insurance policy online will be a helping hand on account of the untimely demise of a policyholder. In case you have sufficient funds to purchase a house, then it would be the best approach for you. If you are not in a position to arrange funds for purchasing a house, then you can think about taking the help of a home loan.
As the interest rate of a home loan is coming down without any increase in the property prices, more and more people are showing interest to avail it and pave way for their dream home. Nevertheless, taking a home loan is associated with an array of concerns. A person must cover each and every major risk associated with a home loan.
Early and unexpected death is a great risk and a Term Insurance policy is the best financial help that can come to the rescue of the policyholder’s family. This particular insurance is the most fundamental as well as the cheapest form of life insurance policy that provides financial protection to the family of the policyholder.
A Term Insurance policy provides an incredible life cover at an affordable price structure. As per the recommendation of the topmost financial planners, every person must purchase a proper term insurance cover.
Maturity benefits are the amount received by a policyholder or registered nominee in times of maturity of the respective policy. However, a term insurance policy must be in an active mode for availing such maturity benefits. Such types of life insurance policies might provide the following maturity benefits:
- The basic sum assured
- Terminal bonus (according to the terms and conditions of the respective insurance company)
- Exact guaranteed additions and other applicable benefits
The Term Insurance plans, accompanied by maturity benefits are somewhat different from that of the conventional life insurance plans. Generally, a conventional term insurance policy doesn’t provide any type of direct maturity benefits to the insurance purchasers; rather they provide death benefits after the sad demise of a policyholder during the policy tenure.
In case any purchaser or policyholder wants to receive maturity benefit, then he or she can go for a Term Return of Premium or TROP plan. A TROP provides the facility of income replacement as well as the refund of the premiums in times of maturity along with all benefits involved with a conventional term insurance plan. A TROP plan is one kind of pure term insurance plan and it offers maturity benefits if the respective insurance purchaser survives until the completion of the policy tenure.
Term Insurance Helps in Financial Stability
A Term Insurance plan is a must-have plan for each and every person because, in the absence of the main breadwinner (and the policyholder) of the family, the family members won’t suffer from financial crisis. It’s true that the absence of a near and dear one can’t be fulfilled, but the financial help is a compensation to lead their lives normally.
The Term Insurance plans are generally protection plans that offer great coverage to the family members after the sad demise of the policyholder. These plans have been specifically designed to provide protection to the policyholder’s family against unpredictable situations. In India, three types of term insurance plans are available – they are the level benefit, increasing benefit, and decreasing benefit. These specific insurance plans are required for those people, who are suffering from health problems.
A term insurance plan, accompanied with an add-on critical illness or CI insurance option would greatly work for those people, who are at the risk of disability due to complicated health issues. A critical illness plan is a great health insurance plan that provides a lump sum amount of payment to the policyholders in case he or she develops complicated ailments like cancer or he or she experiences a stroke.
It is very important to compare different term insurance plans offered by various life insurance companies. Purchase a term insurance policy today and safeguard the future of your family.…
Things To Consider Before Hiring A Law Firm
Hiring a lawyer to represent you on a case can be a big decision. You will be paying a lot of money for the help of someone. The results you get from your case will largely be dependent on the lawyer you choose to hire. When making your choice in a personal injury, workers comp, or l1a visa attorney, you need to find one you can trust working with. Reputable lawyers can be found in your area, such as the ones found at toppinslawfirm.com.
What You Are Looking For In A Lawyer
Most lawyers have a specialty they typically work in. Depending on what you are hiring a lawyer for, you should try and find one that has experience in the specialty that corresponds to your legal woes. You will need a lawyer who can understand your case in order for them to be able to confidently help you.
Compare And Shop Around
The choice in lawyer you make is a very important one. This is why it is crucial to take your time and consult with a few different lawyers before you settle on one to hire. Most reputable attorneys will offer potential clients free consultations, either on the phone or in person. During this consultation you can ask questions regarding their experience, fees and get an overall feel for how well you both could work together.
Be Educated
Before you hire any lawyer, you should try to educate yourself on the type of legal issues you are facing. Learn some of the lingo and laws regarding your legal woes and you will find it easier to hire the right lawyer based on what you learn. It will also make communicating with a lawyer easier because you will have a better understanding of what they are talking about.
As you can see, there are many things to consider when meeting potential lawyers to hire. You need to do your best to make an informed decision. The choice in an attorney is an important one that should not be taken lightly.…