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Protect Your Business: Dishonesty Bonds

by Keith Nicholson, CPA, CIC1. December 2008 14:58

True story: A bookkeeper for a gas station began stealing from his employer, embezzling thousands of dollars in just a few months. The owner, unaware of the employee's dishonesty, went on vacation, leaving the bookkeeper with unsupervised access to the business's bank accounts. Upon returning, the owner discovered that the bookkeeper had absconded and that the business had suffered a huge financial loss. More...

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Categories: 2008 | Commercial Insurance | Risk Management

Surety Bonds for Construction Firms: What Contractors Should Know

by Keith Nicholson, CPA, CIC16. October 2008 10:53

It goes without saying that before entering into a contract, especially a construction contract, any prudent businessperson should make sure that the contractor is not only qualified to do the work but also able to meet all the financial obligations required by the job. More...

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Categories: 2008 | Commercial Insurance | Risk Management

Enforcing Condo Use Restrictions: A Potential Legal Minefield for Board Members

by Keith Nicholson, CPA, CIC15. September 2008 12:09

Condominium communities offer unique benefits to their residents that may not be otherwise available to those opting for "traditional" home ownership. However, in exchange for these benefits, unit owners must give up a certain degree of freedom of choice that they might otherwise enjoy in separate, privately owned homes. More...

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Categories: 2008 | Condominium Governance

Rising Costs, Falling Revenues: When Condominium Boards Must Raise Annual Assessments

by Keith Nicholson, CPA, CIC14. August 2008 11:47

Condominium unit owners have common interests that go beyond just the use of the pool and the clubhouse. Because residents share the expenses associated with condominium living, they have a vested interest in the financial health of their fellow unit owners, specifically their ability to pay their share of those expenses. More...

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Categories: 2008 | Condominium Governance

"Young People Need Not Apply": The Legality of Adult-Only Condominium Communities

by Keith Nicholson, CPA, CIC14. July 2008 11:35

As a country of laws, the United States has gone to great lengths to ferret out and eliminate discrimination, having deemed it antithetical to a free and fair society. More...


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Setnor Byer Insurance & Risk's newsletters and publications are intended as an information source for the clients and friends of the firm. Their content should not be construed as legal advice, and readers should not act upon the information in these publications without professional guidance. Please note that newsletters and publications that are archived by Setnor Byer Insurance & Risk are not updated after initial publication and may not contain the most current information available.

 

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