Bonds and bond insurance help protect both the business operator and the client from unexpected developments in a project. American Insure-All® is here to assist when you require bond insurance brokers in Issaquah to help smooth your business operations.
What Are Bonds?
A bond is usually a sum of money or something of value held in escrow until an operation is finished. Bond insurance protects the item of value used to secure the bond.
One example is, suppose that a building project was bid at a particular price, but after the bid was made, a terrible forest fire destroyed the lumber that would have been used in the building. Consequently, the lumber might have to be purchased at an unexpectedly high price, or it might have to be shipped in from outside the normal trade area. The situation slows construction, and both company and client are beginning to lose money because of the delays. A bond that is in place can help get past this bump in the road of progress.
Such financial arrangements date back to the times of sailing ships and caravans when moving and delivering goods was a chancy business. Ships sometimes sink, cargo planes can fail, even in our technological world today. Insurance cannot restore lives, but it can buffer financial consequences.
American Insure-All® is here when you are ready to work with trusted bond insurance brokers in Issaquah. You can learn more by calling (888) 411-AUTO. Our agents will be glad to discuss your business needs and share the various types of bond insurance available to you. Insurance cannot protect against every exigency – but it can help with the bills. We are glad to be of assistance.