Tag: Bond Coverage


How a Surety Bond Benefits Small Businesses

A good number of small businesses find it challenging to survive in a competitive market for several reasons. Firstly, they need more finances to implement sophisticated processes that can better operations and attract customers. Secondly, customers tend to shun such businesses due to a lack of confidence in the brand. Potential investors also fear doing business with such companies because

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Why Do I Need to Buy a Surety Bond?

Surety bonds ensure that contracted firms complete the work they were hired to do. If a contracted business fails to fulfill the terms agreed upon, its bond guarantor is obligated to compensate the customer. Surety bond or business bond insurance can be obtained from insurance companies. If you own a construction business, you may be required to have a surety

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