Bonds

A surety bond is a written agreement that guarantees the performance of an
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A surety bond is a written agreement that guarantees the performance of an obligation.

Another name for it is suretyship agreement.

Surety bonds usually provide for monetary compensation to be paid in the event that a principle fails to perform as specified in a bond.

A surety bond is not insurance, but it is a risk transfer mechanisms.

It shifts the risk of doing business with the principle from the obligee to the surety.

Freedom Insurance Services has access to a handful of A+ (Superior) rated sureties to take the risk out of your business.

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