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What Are Surety Bonds and How Do I Explain Them to My Customers?
What Are Surety Bonds and How Do I Explain Them to My Customers? As an insurance agent, you spend the majority of your time matching insurance policies to customers. And it’s likely that your customers are already familiar with the framework upon which most insurance policies are built (i.e. an insured and insurer enter into …
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How to Explain the 4 Key Differences Between a Surety Bond and an Insurance Policy to Your Customers
How to Explain the 4 Key Differences Between a Surety Bond and an Insurance Policy to Your Customers Surety bonds are misunderstood. Most people assume they work like insurance policies because they involve payments when things don’t go as planned. But surety bonds and insurance policies are actually very different animals. When you find yourself …
What is a Business Services Bond?
What is a Business Services Bond? Generally known as the Employee Dishonesty Bond, a business services bond is a lot like a Fidelity Bond, but has an expanded option which covers your client when their employees are performing services for someone else through your company. (Which is where the Business Services / Janitorial name comes …
