Commercial Bond Insurance
Commercial Bond Insurance Information
We provide different types of bonds in Ellensburg, Yakima, Cle Elum, Easton, Moses Lake, Ronald, Kittitas, Roslyn, and all of Washington State. Call or stop by the office today for a free quote!
Insurance bonds or bond insurance are general terms sometimes used by those looking to get bonded with a surety bond, or want to insure their business with fidelity bonds. Surety bonds are not insurance for you, they are insurance for the party requiring the bonds (called the oblige). Surety bonds protect the public by guaranteeing you will abide by the terms of the bond. If you do not claims can be filed which you are responsible to pay in full including legal costs. Surety bonds are never optional to obtain, as they are usually required by a government agency.
Fidelity bonds are an insurance product that protects against employee dishonesty such as theft and are usually optional. Small businesses that enter their client's homes, such as a cleaning company, are often interested in this type of bonding.
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