The Three Types of Surety Bonds to Know
Surety bonds offer insurance protection for liabilities such as debt, default, or failure to fulfill a contract. These ensure that a service is rendered according to an agreement. If a side has committed a wrong, the part they have wronged will receive full compensation for the service cost. The arrangement follows coordination among three parties; […]
September 21, 2022
Utilizing Surety Bonds for Your Business
Surety bonds are a necessary form of guarantee for small businesses and individual contractors that helps them avoid some liability. Surety bonds come in handy in construction, transportation, and mortgages. Plenty of other industries rely on surety bonds, too, thanks to the level of protection they offer to all parties involved. A traditional insurance policy […]
July 20, 2022
