Common Types of Surety Bonds & How They Work

Posted: May 19, 2022

A surety bond is a contract that ensures specific obligations are met. These bonds are often required for contractors working on government contracts. They are performance-based. A surety bond is a guarantee between three parties. The parties in a surety bond are: The Principal: The individual who is required to have a surety bond. The Obligee: The individual requesting the bond. The Surety Company: The...

Understanding What Your Home Insurance Policy Covers

Posted: May 16, 2022

Understanding your home insurance policy and what it covers is essential but easier said than done. Insurance contracts are written in a legal language unfamiliar to most of us. To understand your coverage, you may want to get help from a local insurance agent. You need to know what is covered – hopefully long before you need to file a claim. You likely have homeowners'...

Family Floater Life Insurance Policy and How They Work

Posted: May 7, 2022

A "family floater" plan provides life insurance coverage to all family members. These policies are a smart choice for many families. Also called "family life insurance," your entire family has life insurance with a single policy, a far simpler and more efficient process. Life insurance policies are typically purchased to cover the parents. If one of the breadwinners for the family should suddenly pass away,...

4 Things to Know About Employment Practices Liability Insurance

Posted: May 4, 2022

Employment Practices Liability Insurance or “EPLI” is a form of business insurance specifically to protect against employment-related lawsuits. While the suit may not be accurate, once filed, you will need to defend against the case, which can prove to be very expensive without this type of insurance. The right Employment Practices Liability Insurance can help you get through challenging legal situations without sustaining severe financial...

Celebrating Asian American Pacific Islander Heritage Month

Posted: May 1, 2022

May has been officially proclaimed as "Asian American Pacific Islander Heritage Month." This month is set aside to celebrate the incredible cultures, traditions, and histories of the Asian Americans and Pacific Islanders in the United States. One month can never do justice to the extraordinary contributions of these groups to the broader culture. Renew and Rebuild: Our Communities and Beyond This year's Asian American Pacific...