Bonds in Business Insurance
Can I get a bond with bad credit?
It may be more challenging and expensive, but some sureties offer bonds to businesses with less-than-perfect credit.
Dig deeper
It is possible to get bonded with bad credit, but you may face higher premiums. Some surety companies specialize in high-risk bonds for businesses with credit challenges.
Real World Example
A restaurant owner obtains a license bond to meet local government requirements for a food service permit.
Expert Considerations
Keep detailed records of your bonds, including expiration dates and conditions, to ensure ongoing compliance.
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