Surety Bonds: What They Are and Why Your Business Needs Them

You can begin thinking about the function, use, and risk of surety bonds by examining a typical loan scenario. Consider that you’ve opted for a financing option at your local car dealership. Perhaps you’re on the younger side, or perhaps you’re just making what is for you a relatively large purchase. The auto-dealer will only grant you that perfect two-year financing plan with the introduction of a co-signer or guarantor on the contract. You agree, and then ask your spouse or a parent or a friend to co-sign—and the auto company approves what is essentially a loan, to be paid back over the previously established two-year period. Continue reading

Mandatory Car Insurance in Alberta

You have just passed your road test, and your vehicle has been successfully inspected and registered, so what’s the next step? Before you can legally drive in Alberta you need to understand the differences between the many types of auto insurance and the degrees of coverage they offer. Not all insurance is mandatory to operate your vehicle in Alberta, so here is a quick guide to understanding the provincial requirements and the penalties for disobeying them. Continue reading