If you are bidding on a government or commercial project, there's a good chance you'll be asked to provide a performance bond. This is essentially an insurance policy that guarantees that the contractor will complete the project at the agreed cost, and before the agreed deadline. If they don't, the bonding company will pay for any damages. If you don't know what a … [Read more...] about What are Performance Bonds? Here’s All You Need to Know
Surety Bonds
Benefits of Surety Bonds: How Being Bonded Helps Home Business Owners
Like most new entrepreneurs, you're likely wondering what it takes to run a legally licensed business out of your home. You probably know that in-home business owners aren't exempt from certain licensing laws. To ensure that these licensing regulations are followed, government agencies often require business owners to purchase surety bond insurance before they can get licensed … [Read more...] about Benefits of Surety Bonds: How Being Bonded Helps Home Business Owners