Regulations created because of the Madoff fraud schemes continue to be implemented, and they can affect buyers and sellers alike. Ultimately, these will be useful tools to aid in the prevention of a fallout resurgence in the ongoing aftermath of what occurred. As we wait to see the long-term trends and visible results, a...
There are many kinds of surety bonds Michigan business owners need to consider. Like many states, Michigan requires many types of industries to hold surety bonds in order to conduct business so that consumers are protected in their investments. For instance, mortgage and bank lenders, collection agencies, professional fundraisers and motor vehicle dealers are...
The surety bond market can be confusing if you do not know the specific uses and terms of what the bonds can or cannot do. In the simplest definition, a surety bond is a guarantee. The bond is a kind of credit, not an insurance policy. Surety bonds can be required by a government...
If you are a professional contractor, you must build a comprehensive insurance portfolio to protect yourself from potential lawsuits and losses. Building an insurance portfolio with general liability, professional liability, building property, business property, and workers compensation, may not be enough to satisfy the state laws of Michigan or the requirements of your potential...