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Health Club Bonds
September 23, 2019

Health Club Bonds

Learn all about health club bonds, and request a quote from Surety Bond Professionals today! What Are They? Health Club bonds are required by the state as a condition for obtaining a license to operate, which makes them a type of license and permit surety bond. Their purpose is to protect consumers from financial loss due to the illegal actions of a health club. For instance, club members may file a claim against the bond in the event that a health club goes belly up without refunding the balance of membership fees. Who Needs Them? Different states may define “health club” differently. While you may think of a health club as being a facility that offers fitness training, other types of health organizations may also fall under the heading of “health club” in the view of the state where you reside. Any health organization that sells prepaid memberships may be required to purchase a health club bond in order to become licensed or renew an existing license. Health clubs that maintain more than one location may need to purchase a separate bond for each site. How Do They Work? There are three parties that become legally bound together through...

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Money Transmitter Bonds
August 12, 2019

Money Transmitter Bonds

Learn everything you need to know about money transmitter bonds, and request a quote from Surety Bond Professionals today! What Are They? Money transmitter bonds are a type of license and permit bond, as they’re required in order to become licensed as a money transmitter. Their purpose is to guarantee that the money transmitter will comply with all laws and rules established within the industry to govern the conduct of money transmitters. The bond protects consumers from financial loss resulting from the unlawful or unethical actions of a money transmitter and is essential to maintaining the integrity of the money transmitter industry. The licensing and bonding requirements for money transmitters have become more stringent as digital commerce and online money transfers have become commonplace. Who Needs Them? Laws requiring the purchase of money transmitter bonds are established at the state level and vary from state-to-state—but nearly all states require such bonds. The term “money transmitters” is a broad occupational category that includes online retailers who accept credit card payments, payment processors, and companies that handle wire transfers of funds between individuals or companies—both within the country and across international borders. Consequently, money transmitter bonds are also known as money...

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July 18, 2019

How to Get a New Hampshire Contractor’s License

Some states have no statewide requirement for licensing of general contractors. New Hampshire is one of them. While some specialty contractors, like electricians, plumbers, and lead and asbestos abatement specialists are licensed at the state level in New Hampshire, general contractors are not. That said, there may be licensing requirements at the municipal level for general contractors. Here’s how to get a New Hampshire contractor’s license.

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July 18, 2019

How to Get a Maine Contractor’s License

Maine does not require general contractors to be licensed and does not regulate their activities. That said, Maine’s Office of the Attorney General does accept and investigate complaints against contractors and will bring a lawsuit against the contractor if mediation does not resolve the complaint. Although general contractors are not subject to licensing in Maine, practitioners of certain building trades are. In this post, we’ll cover how to get a Maine contractor’s license and other important information you need to know.

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July 18, 2019

How to Get a Contractor’s License in Vermont

Currently, there is only a statewide licensing requirement in Vermont for certain specialty contractors, like electricians and plumbers. Some municipalities, however, required construction contractors to be licensed. Here’s how to get a contractor’s license in Vermont.

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July 18, 2019

How to Get a Rhode Island Contractor’s License

In Rhode Island, licensing and registration for both in-state and out-of-state contractors is handled by the Rhode Island Contractors’ Registration and Licensing Board. Here’s a quick guide on how to get a Rhode Island contractor’s license.

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June 18, 2019

How to Get a Contractor’s License in Connecticut

Connecticut’s contractor licensing requirements are complex, but we’ll do our best to straighten them out for you here. Here’s how to get a contractor’s license in Connecticut. For all your construction bonding needs, trust Surety Bond Professionals. Contact us today. Definition of Contractor The term “general contractor” isn’t particularly meaningful in Connecticut, which has its own set of definitions: A major contractor is a contractor who is authorized to work on commercial and institutional projects, like apartment buildings and hospitals, as well as residential projects. A minor contractor specializes in single family homes and small multi-family units, like two or three family homes.  Minor Contractors are further classified as either New Home Construction Contractors or Home Improvement Construction Contractors. Who Needs a Contractor’s License? In Connecticut, the type of license you’ll need as a contractor is determined by the type of work you do.  If you do more than one type of work, as Connecticut defines it, you may need multiple licenses. Specialty contractors such as an electricians, plumbers, and HVAC technicians (among others) also must be licensed to work in Connecticut, but the details of that process are beyond the scope of this article. There is no license...

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June 5, 2019

How to Become a Contractor in New Jersey

Here’s everything you need to know about how to become a contractor in New Jersey. Learn the licensing, registration, and bonding requirements for New Jersey contractors, and contact Surety Bond Professionals for all of your bonding needs today.

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