Understanding Umbrella Insurance for Your Business
January 27, 2020 1 Comment
Umbrella Insurance: This liability insurance can serve as an extra layer of financial protection if your business exceeds its other forms of coverage. Most insurance
Pixel Group Bonds
A surety bond is a three-party written agreement by which one party (the surety) guarantees another party (the obligee) that a third party (the principal) will perform according to the bond, statute, contract or other obligation. The surety bond protects the obligee by guaranteeing performance to the obligee if the principal does not fulfill their obligation.
What is a Contract Surety Bond
Contract surety bonds provide financial security and construction assurance on building and construction projects. They guarantee to the project owner (obligee) that the contractor (principal) is qualified to perform the work and will pay certain subcontractors, laborers and material suppliers. If the contractor defaults, the surety guarantees that the obligations will be met.
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