What are Surety Bonds?
In a business context, bonds are very much like insurance. Surety Bonds are three-party agreements, with one party being the business or project owner. The bond guarantees to the owner that the contractor is able to satisfy an agreed-to contract.
Bonds can also be an effective risk-management measure against employee theft or embezzlement or other malfeasance.
What are the kinds of Surety Bonds?
• fidelity bonds
• public official bonds
• judicial bonds
• fiduciary bonds
• license & permit bonds
• contract (bid & performance) bonds
• federal bonds
• notary bonds
Who around Washington County, MD, needs Surety Bonds?
• business owners
Call 301-790-0652 for your free comparison of competitive, affordable Surety Bond rate quotes from the expert agents at Insurance Brokers of Maryland in Hagerstown.