What is an Insurance Bond?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 Insurance Bond TypesAlthough there are many types of insurance bonds, the four most common types needed by business owners are:
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Office Location: 5237 Summerlin Commons Blvd, Suite 108 Fort Myers, FL 33907 Mailing Address: 321 Montgomery Rd #161148 Altamonte Springs, FL 32716 Click Here to Email Us |
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Brokerage LLC 5237 Summerlin Commons Blvd, Suite 108 Fort Myers, FL 33907 (407) 613-2600 Click Here to Email Us |
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