Bonds Insurance - Monterey Park, CA
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3 Common Types of Bonds
Surety bonds are essentially a guarantee that the principal will perform their job as detailed in the contract. If a person or business hires a bonded contractor and the work does not get done as promised, the company that issued the bond is responsible for the resulting financial losses....
Why Should You Bond Your Business?
When a property owner hires a contractor, plumber electrician etc. to perform a job, he or she wants to know that the work will be completed as promised and with a high level of professionalism. Surety bonds are designed to increase this level of trust and security between business and client. How? ...
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