What is general liability insurance? General liability insurance protects your company from any liability that arises due to loss or damage caused to a third party. General Liability Insurance can help cover medical expenses and legal fees resulting from bodily injury...
How does insurance differ from a surety bond? Insurance and surety bonds are two different but similar types of contracts in the sense that they both protect a person or company from financial loss. Insurance protects you when someone sues your business, while surety...
What is the difference between surety bonds and insurance policies? Insurance protects a person’s home, business, professional life from financial loss when they’re involved in an incident. Surety bonds protect someone who has contracted with another to...
Do you get money back from a surety bond? If you opt to purchase a surety bond, you would pay the company writing it for your court case. If they write one for me and I buy their service with cash upfront, my payment is not refundable in any way. Furthermore- if that...
For a Debt Collection Agency What Does the Surety Bond Cost? Do you need a surety bond for your debt collection agency? Collection Agency bonds are a type of license and permit bond that are used to protect the public from losses due to the failure of an organization...
