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 Types
Although there are many types of insurance bonds, the four most common types needed by business owners are:
As a small business owner you deserve the best at an affordable price. Click here to learn more about the right insurance bond for you and your small business.
Jennifer Lang - Agent
One Resource Group, Corp.
13548 Zubrick Rd.
Roanoke, IN 46783
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If you need an insurance bond to bid on or get hired for a new job call us. We're insurance bond experts and we'll get it taken care of you... Fast!
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