Happy Thanksgiving

by Joshua Malone

Offenhartz & Pedersen, LTD. would like to wish you and your family a healthy and happy Thanksgiving weekend! Thanksgiving is a time for gratitude, and we would like to thank our business partners, clients, and colleagues for a great year of service and their tireless efforts. Remember – we are available over the Thanksgiving holiday […]

Open Penalty Bonds

by Joshua Malone

A court or miscellaneous bond sometimes has an open penalty, which simply means a bond penalty does not have a finite limit. Open penalty bonds carry many risks and hazards because the surety does not know the exact amount of liability it must guarantee. A typical bond has a fixed bond penalty, which means the […]

Court Bond Documents Required for Applicants

by Joshua Malone

When a bond applicant submits an application, the applicant must also submit relevant court papers for most of the bonds we issue. The court documents are a necessary part of the underwriting process. Underwriters and producers need to fully examine and understand the extent of the obligation. This includes knowing the identity of the obligee, […]

What is a Supersedeas Bond?

by Joshua Malone

This blog post intends to describe and explain one of our specialties – the supersedeas bond. When a judge rules a monetary judgment in favor of a plaintiff, the judge orders the defendant to pay the plaintiff in the amount of the judgment. However, if the defendant disagrees with the judge’s ruling, the defendant appeals […]

What Are Court Bonds?

by Joshua Malone

Our agency specializes in an area of suretyship securing court bonds. These bonds guarantee a person or entity will perform some function, as requested by the court, to the court’s standards and rules. Court bonds renew yearly until the court orders their cancellation. There is a long list of court bonds available. The two main […]