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Ed Weeren Insurance Agency Blog: bonds

View the latest blog posts from Ed Weeren Insurance Agency.

Wednesday, January 14, 2015

Performance and Payment Surety Bonds 101

Surety bonds may seem like a big, scary topic, but really it’s as simple as a financial guarantee between three parties: the principal, the obligee and the surety. What role do these parties play? Principal: This is the contractor who obtains the bond in order to meet city, state or federal regulations. READ MORE >>

Monday, March 24, 2014

Reason why business owners should carry Fidelity Bond Coverage

Business owners have employees that have worked for them for many years and are completely trustworthy. However, they may still need a fidelity bond. There is an old saying in the bond field, “only honest people steal”. Embezzlements occur often but are rarely reported, and in only a few cases are publicized. READ MORE >>

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