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What are the advantages of having a surety bond?

April 26, 2017advantages bonds surety bond surety bonds

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What are the advantages of having a surety bond?

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Obtaining a surety bond is generally the preferable method for meeting the states requirement for a financial guarantee of your performance. The surety company requires that those they bond have the financial resources to meet any the obligations that the bond guarantees, but it allows the licensee to have the unencumbered use of those resources as they engage in their business.