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Protecting Your Business With Surety and Fidelity Bonds
August 29, 2018
When it comes to securing your business and its activities, one important issue to include — as you consider your business insurance needs — is that of “bonding.”Though you may associate the word “bond” with investments (or even “007”), when it comes to business, bonds are quite different: Instead of being a debt instrument or a dashing British spy, a business bond is an important risk management tool, offering protection when certain types of agreements are breached.
Here’s what you need to know about protecting your small business with surety and fidelity bonds — which are the two main types of business bonds.