Insurance Bond Types
Although there are many types
of insurance bonds, the four most common types
needed by business owners are:
Bond - Ensures the bidder on a
contract will enter into the contract and
furnish the required payment and performance
bonds if awarded the contract.
Bond - Ensures suppliers and
subcontractors are paid for work performed
under the contract.
Bond - Ensures the contract
will be completed in accordance with the
terms and conditions of the contract.
Bond - Ensures requirements
integral to the contract, but not directly
performance related, are performed.
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