Are you a business owner considering your options for bond insurance in Skagit County? American Insure-All® is here to help you sort out what types of bond insurance are best for your operations.
Here are some types of bonds you should be looking out for:
License and Permit Bonds
A license and permit bond is a type of bond that small businesses may require before receiving their business license. License and permit bonds are required by law, and if your business license requires a bond, the licensing agency will be transparent in letting you know.
Business Service Bonds
How do you protect your customers from being stolen from by your employees? Business service bonds take care of that. They’re designed to protect your customers if your employees happen to steal from them while on the job. For example, janitors and cleaning professionals often enter homeowners’ and businesses’ private property to clean for them.
Contract bonds are different from license and permit bonds because they tend to be more job-specific and cover the performance of a given contract, such as staying within a budget or meeting a deadline. They can also cover aspects of a construction project, like paying for supplies, following through on bids, and other services.
Court bonds are not necessarily a type of bond that a small business requires, but they are still a type of bond that you should know about. In the event of a civil court proceeding, the court might require you to get a court bond before the trial can proceed. A small business might need various types of court bonds during litigation, including an appeal bond, injunction bonds, garnishment bonds, or cost bonds.
At American Insure-All®, we strive to provide you with various options for bond insurance in Skagit County. For more information about the bond insurance options that we can offer you, give our friendly team a call today at (888) 411-AUTO.