BONDS

Business bonds are financial guarantees ensuring the fulfillment of various obligations. Key types include:

Surety Bonds: Guarantee that a business will meet its contractual obligations.
Fidelity Bonds: Protect businesses from employee dishonesty and theft.
Performance Bonds: Ensure the completion of projects according to contract terms.
Payment Bonds: Guarantee that contractors will pay subcontractors and suppliers.
License and Permit Bonds: Ensure businesses comply with laws and regulations.

These bonds provide financial security and trust, mitigating risks related to non-performance, dishonesty, and regulatory non-compliance.