Bond Requirements for California Contractors Licensing

Many contractors are under the false assumption that a bond is similar to insurance since they are typically purchased from an insurance company. In reality, bonds are more like a line of credit that must be repaid if the bond is redeemed by a consumer. The purpose of a bond is to indemnify the consumer which is also the purpose of some types of insurance. However, a bond is not insurance.

For more information please view the links below:
https://contractorsinsurancecompany.com/
https://contractorsinsurancecompany.com/contractor-surety-bonds/

Тэги:

#Contractors #Insurance #Fairbanks #Independent_Contractor #Contractors_Insurance #Contractor_Bond_Insurance

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