Bonds in Business Insurance
How do I obtain a surety bond?
Apply through a surety company or agent, providing financial statements, credit history, and details about your business operations.
Dig deeper
To obtain a surety bond, contact a bonding company or insurance broker. You'll need to provide details about your business, financial statements, and the specific bond type required.
Real World Example
A surety company reimburses a client for a contractor's failure to deliver on a project, but the contractor must repay the surety for the claim amount.
Expert Considerations
Request clarification from the surety provider about refund policies before canceling a bond mid-term.
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