What is an Surety Bonds?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 Surety Bonds 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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CA License #: 0G58336 810 Jamacha Rd Ste 103 El Cajon, CA 92019 (619) 600-5550 Click Here to Email Us |
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Aerial - El Cajon, CA and towns to the north and east 01 photo by Joe Mabel | CC-BY-3.0 | Website by InsuranceSplash