What is an Insurance Bond?An insurance bond ensures contract completion in the event of contractor default and are typically required by project owners when seeking a contractor to fulfill a contract.
The contractor obtains a bond so the insurance company is obligated to compensate the project owner for the financial loss incurred if the work is not completed. Typical Insurance Bond TypesAlthough there are many types of insurance bonds, the four most common types needed by business owners are:
Contact us to learn more about the right insurance bond for you. |
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3478 Buskirk Avenue Suite 1000 Pleasant Hill, CA 94523-4344 (800) 264-4637 Click Here to Email Us |
Licensed In:California: OD10244
Nevada: 874422 Oregon: 3000332358 |