Bonds in Business Insurance
What is a license and permit bond?
It's a bond required by government agencies as a condition for obtaining a license or permit, ensuring compliance with laws and regulations.
Dig deeper
A license and permit bond is required by government agencies to ensure businesses comply with laws and regulations, such as operating licenses for contractors or retailers.
Real World Example
A client selects a contractor with a performance bond over one without it, trusting the bond as proof of reliability.
Expert Considerations
Use bonds as a marketing tool to attract clients by showcasing your commitment to reliability and legal compliance.
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