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Massachusetts Surety Bonds

    LATEST SURETY HIGHLIGHTS


Mass. New Construction Law adds another reason for surety bonds

Massachusetts has passes a law mandating that the maximum amount an owner or developer can hold back as retainage is 5% of the amount billed. This is a significant departure for the national standard of 10%.

Owners and developers say that the small amount provides little leverage in the case of work improperly done or left incomplete.

Of course, this could be mitigated by the owners and developers requiring performance and payment bonds of their contractors and subcontractors, thereby eliminating said risk.

See more on the issue here

Click Here To Apply for These Bonds:

  • Janitorial Service Bond, Signed
  • L & P Bond, Signed
  • Lost Instrument Bond, Signed
  • Name Schedule Fidelity Bond
  • Notary Public E&O Group Policy, Signed
  • Official Bond and Oath (All State), Signed
  • Power of Attorney (Irrevocable/R-Series)
  • Public Official Position Schedule Bond
  • MA Auctioneer Bond
  • MA Certificate of Title Bond
  • MA Clam Digger Permit Bond (Director of Marine Fisheries)
  • MA Collection Agency Bond
  • MA Constable's Bond, Signed
  • MA Deputy Collector Bond, Signed
  • MA Employment Agency Bond, Signed
  • MA Insurance Broker Bond
  • MA Master Diggers Permit Bond
  • MA Motor Vehicle Repair Shop Bond
  • MA Notary Public E&O Policy, Signed
  • MA Private Detective Bond, Unsigned
  • MA Probate, Signed
  • MA Public Official Bond, Unsigned
  • MA Real Estate Broker Bond
  • MA Second Hand Motor Vehicle Dealer Bond
  • MA Transient Vendor Bond
  • MA Treasurer Term Bond, Signed


For Applications for All Surety Bonds in All States see our Application Index




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PENSION TRUST / ERISA SURETY BOND
Bond Amt 3 yr Term Premium   Bond Amt 3 yr Term Premium
$5,000 $100   $90,000 $239
$10,000 $100   $95,000 $245
$15,000 $108   $100,000 $250
$20,000 $117   $125,000 $263
$25,000 $129   $150,000 $277
$30,000 $140   $175,000 $290
$35,000 $150   $200,000 $303
$40,000 $160   $225,000 $313
$45,000 $170   $250,000 $327
$50,000 $179   $275,000 $347
$55,000 $188   $300,000 $367
$60,000 $197   $350,000 $387
$65,000 $206   $375,000 $397
$70,000 $214   $400,000 $407
$75,000 $221   $450,000 $427
$80,000 $228   $500,000 $450
$85,000 $234      

 

 
Bonds written in $5000 increments. Quote will be provided for amounts differing from above
ERISA Bond Information and On Line Application
Qualified Assets:
Qualifying plan assets are those held by a financial institution, such as a bank, insurance company, 
broker/dealer or regulated entity, mutual funds, participant loans, qualifying employer securities and self directed individual account plans.

NON Qualified Assets:
Non-qualifying plan assets are those not held by a bank or financial institution. For instance, 
a limited partnership, artwork, collectibles, mortgages, real-estate and securities of "closely held" companies are examples of non-qualified plans.