What is an Insurance Bond?
Surety bonds provide financial guarantees that contracts and other business deals will be completed according to terms of agreement. Surety bonds protect the buyer from fraud and malpractice. If the company breaks a bond's terms, the harmed buyer can make a claim on the bond to recover losses.
Although there are many types of insurance bonds, the four most common types needed by business owners are:
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The Guy R Day Difference
You may think you want the cheapest insurance you can find, but realize you may not be getting everything you bargained for... Most insurance products are similar in price and function, insurance providers are very different when it comes to creating a policy that actually covers you.
Contact us to learn more about the right insurance bond for you.