What Does It Mean for a Company to Be Bonded? Bonded and Insured Explained
Reading Time: 5 minutesA bonded company is a business that has purchased a surety bond — a financial guarantee that the company will fulfill its contractual or legal obligations. If the company fails to perform, the bond pays the harmed party. Being bonded is not the same as being insured; a bond protects your client, while insurance protects […]