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An ERISA bond (or ERISA fidelity bond) is a type of surety bond that protects employee benefit plan beneficiaries. Its purpose is to ensure that beneficiaries receive compensation for financial loss if the fiduciary commits […]

In California, contractors are required to get a contractor license bond before they can obtain their license. In California, a contractor license bond protects a party that hired the principal against losses that may arise due […]

What is a Performance Bond? A performance bond (or contract bond) guarantees satisfactory completion of a project according to the terms outlined in the contract. If a business or an individual hires a bonded contractor […]

You have likely heard the phrase that a business is licensed, bonded, and insured. While most people know what a business license and insurance means, many may not understand the term ‘bonded’. A bonded business […]