What is the advantage of using Island Stock Transfer’s Blanket Bond?
Surety Bonds for individuals require extensive paperwork applications and can be time consuming to obtain. Often, the premium required is based upon the shareholder’s individual credit score, and the surety company reserves the right to refuse a shareholder’s request for a bond. Island’s blanket bond covers all shareholders on our record, and is a fixed price unrelated to credit. Further, the paperwork required to use the bond is considerably less and in most cases a stock certificate can be replaced immediately upon receipt of the appropriate documentation/fees.