Category Archives: Finance Guide

Taking the Mystery Out of Surety Credit – How Underwriters Analyze the Work in Process Report (WIP)

In the bonding industry, there seem to be mixed messages regarding surety credit. One, surety underwriters seem to be worried about the client’s balance sheets and suggest they look for other surety credit options. There are also surety companies that can take over struggling businesses if the company is well managed, has stabilized and has a lot […]

What happens if you get in an accident without insurance?

Most states require minimum levels of certain auto insurance coverages. It is illegal to drive without it. Auto insurance policies cover you for any injuries or damages that others cause. If you are involved in an accident, auto insurance can protect you from financial ruin. Despite this, the Insurance Information Institute (III), estimates that more then 12 percent drivers were not insured […]

Penalties for driving without insurance in Massachusetts

Driving without insurance in any state is a major traffic offense that can lead to multiple penalties. Driving without insurance in Massachusetts is a civil motor vehicle violation (CMVI). This means you could face severe penalties such as a heavy fine, jail time, and revocation your driving privileges. Massachusetts requires minimum insurance Massachusetts, like every other […]