Category: Surety Bond Insurance

Surety Bond Insurance: What Is It and Why Is It Important? [Infographic]

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Suretyship is about having the assurance that a significant task or obligation will be delivered as promised. Surety generally takes the form of a bond, which is an agreement or contract that the surety company is indebted to or at some point must pay the one who holds it, in the scenario that the contractor fails to meet some obligations or terms of the contract. What is a surety bond,…

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