Do I need a bond for each project?

For contract bonds like performance bonds, yes. Each project typically requires its own bond.

Whether you need a bond for each project depends on the requirements of the project owner or obligee. Some businesses opt for blanket bonds to cover multiple projects.

A landscaper purchases a permit bond required by the city to operate legally in a public park project.

Understand the limitations of standard bonds and add specific coverage, such as cyber liability, where needed.