Talk:Surety bond

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Pasted from article[edit]

In the words of the U.S. Small Business Administration, "A surety bond is a three-party instrument between a surety, the contractor and the project owner. The agreement binds the contractor to comply with the terms and conditions of a contract. If the contractor is unable to successfully perform the contract, the surety assumes the contractor's responsibilities and ensures that the project is completed." --Ellsworth 19:24, 19 Feb 2005 (UTC)

Bias[edit]

Though this is a very good article, it only deals with examples taken from the U.S. Therefore, I have added a {{worldwide}} template. - Ta bu shi da yu 11:41, 21 July 2007 (UTC)[reply]

One extremely important point on these bonds - shop around. I recently applied for a mortgage broker bond with a large broker in NY. They quoted me over $2,000.00 , based on a Bankrupty on my credit report.

I got a quote from a company in CA, who quoted me $180.00 the exact same bond.—Preceding unsigned comment added by 206.169.194.161 (talk • contribs)

Merger proposed (License and permit bond)[edit]

The following discussion is closed. Please do not modify it. Subsequent comments should be made in a new section.

The result was: Merge, by silent consensus. --B. Wolterding 11:41, 24 October 2007 (UTC)[reply]

I propose to merge the content of License and permit bond into here, since the notability of that article has been questioned. Actually the article is very short, and has been unexpanded for a long time, so it could very well fit here into a short section under "examples".

Please add your comments below. Proposed as part of the Notability wikiproject. --B. Wolterding 10:31, 19 October 2007 (UTC)[reply]

The discussion above is closed. Please do not modify it. Subsequent comments should be made on the appropriate discussion page. No further edits should be made to this discussion.

Employee Bonds?[edit]

Are employee bonds a type of surety bond? Employee bonds seem to serve a purpose very similar to a performance bond, but it would be nice to have that distinction made clear on this page. Employees and contractors are treated differently in some contexts. So, I would guess that employee bonds are dissimilar enough to deserve some attention. I came here looking for information about employee bonds because I understand they are considered security best practice (in certain situations), as are employee background checks and the like. —Preceding unsigned comment added by Porcelain mouse (talk • contribs) 08:31, 22 March 2009 (UTC)[reply]

Employee bonds refer to one of two things. In the US, this normally means a fidelity bond, or employee fidelity coverage. This is a type of traditional insurance that insures an employer from theft by its employees. The 'bond' part of the name is somewhat of a misnomer, since it's more like traditional insurance. It could also refer to terms of an employment contract restricting the conditions under which you can resign, and what you can do post-resignation (non-compete clause, etc.). -- 12.71.129.82 (talk) 16:14, 9 August 2010 (UTC)[reply]