Surety bonds are a staple of the construction industry, but they aren’t all made for the same purpose. Sometimes, the goal of them is to protect the customer from a failure to deliver quality work on time, but sometimes it’s to guarantee a bid or provide for the possibility of environmental damage that can be costly to clean up. When you’re looking for bonds, it helps to work with a company that can deliver any type of surety you request, because they’re more likely to be able to advise you about when it’s best to purchase each of these bond types:
- Other forms of surety bond
Learn More About Risk Management
iSure insurance brokers provide a solid resource for learning more about surety bonds, as well as supplements explaining how they work with your insurance. Remember, bonds are about protecting the customer and the community, but insurance is for your protection. Both are important, and finding the right balance of coverage between them can save you a lot of money. That’s why it’s a good idea to work with bond and insurance specialists who have experience creating the coverage tools you need. That way you know your bond coverage is robust without being a bigger financial commitment than you need.