Bonds in Business Insurance
Why does my business need a bond?
Bonds may be required by clients, government agencies, or regulations to ensure your business fulfills its contractual or legal obligations.
Dig deeper
Bonds provide assurance to your clients or regulators that your business will meet contractual, legal, or ethical obligations. They can help secure contracts, maintain compliance, and enhance your credibility.
Real World Example
A cleaning company obtains a fidelity bond to protect clients against theft by employees working in their homes or offices.
Expert Considerations
Maintain good credit and financial stability to qualify for lower bond premiums and better terms.
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