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.

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.

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.

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.