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Browse through a collection of more than 100 articles and model forms in the MCIT Resource Library.
Use the search tools to the left to narrow in on the appropriate resource.
4 Articles found
There are a host of items to check off in preparation for a public building project. One is ensuring that contractors provide valid bonds for construction projects.
July 2020 | Article | Uploaded in:
Frequently asked questions about bonds, specifically fidelity bonding requirements for Minnesota public officials, are answered. Includes information about MCIT's employee dishonesty and faithful performance of duty bond.
July 2020 | Article | Uploaded in:
County recorders have expressed concern over the personal liability to which they may be subject by virtue of the surety bond that a licensed abstracter is required to obtain. To be licensed, an abstracter must be insured. However, abstracter liability policies are no longer available. Instead licensed abstracters must purchase a surety bond. This article addresses issues of abstracter licensing and surety bonding.
November 2018 | Article | Uploaded in:
Fidelity, dishonesty, performance, surety, contract, fiduciary are all terms that are frequently mentioned when discussing bonds. This article discusses what these bonding terms mean and how MCIT coverage responds.