Types of Bond Insurance
This bond is required in specific industries before the state government will allow the company to be licensed or obtain a permit.
Based on an agreement between two parties. If the agreement is not met, then the obligee will be compensated. The most common type of this bond is a performance bond where the business must meet a specific obligation to the obligee.
A Court bond will be required for judiciary proceedings.
Protects against financial loss and is commonly used to protect assets from employee fraud.
Gives confidence to customers by protecting them from theft from company employees.