Ed Weeren Insurance Agency Blog: bonds
View the latest blog posts from Ed Weeren Insurance Agency.
Wednesday, January 14, 2015Surety 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, 2014Business 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 >>