Sunday, 5 May 2013
Your Questions About What Is Personal Injury Coverage
James asks…What is a bond for when you start a new business?I have started a new business and it said I need a bond why?admin answers:Simply put a bond (sometimes referred to as a surety bond) is a third party obligation promising to pay if a vendor does not fulfill its valid obligations under a contract. There are various types of bonds such as LICENSE, PERFORMANCE, BID, INDEMNITY & PAYMENT. A bond is a financial guarantee that you will honor a business contract. Frequently a customer
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