Surety & Fidelity Bonds| Although not insurance, the surety bond business is transacted within the property and liability insurance business. Surety Bonds guarantee the fulfillment of an obligation by one party to another party by a third party guarantor (the bonding company). There are many different types of bonds for the construction industry and other uses.
Fidelity bonds are really insurance policies that protect an employer from the dishonest act of an employee. |
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