TONRY TOPICS

Indemnity Agreements for Surety Bonds

We are often asked questions as to why a surety needs personal information when qualifying a company for a bond. This all has to do with the principle of indemnity. The surety bond product itself would cease to exist without this principle. In this post,

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Cybersecurity Awareness

Fiduciary liability insurance is designed to protect fiduciaries who, although acting in good faith, violate the complex fiduciary rules as expressed in federal rules, regulations, and court rulings.

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What your ERISA Bond is NOT!

Fiduciary liability insurance is designed to protect fiduciaries who, although acting in good faith, violate the complex fiduciary rules as expressed in federal rules, regulations, and court rulings.

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COVID-19 Impact on Cyber Risk

Training your employees to safely work remotely is almost as important as practicing social distancing.  It may not save a human life but it can save your business.   Establish an Incident Response Plan (IRP) to identify the response team, methods

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Two constructor workers shaking hands in front of a building under construction

Use Your Bonding Company as a Resource!

In uncertain times such as these, your relationship with your bond company is especially important.  As part of their underwriting process, they have teams of analysts monitoring the legal, economic and political climate across the country.

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Between the Sheets - Quality Coverage Matters

Recently, we had the pleasure to work with a young entrepreneur who had started a consulting company and raised over multiple millions of dollars in investments from over twenty different sources.  The company had grown from 4 to 14 employees in a year

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UPDATE Tonry Insurance Group’s Response to COVID-19

NOTICE Our Quincy office has moved to Braintree