Guide: Insurance and bonding
#Insurance
Insurance and bonding
Small company owners have a range of coverage options to think about if they want insurance for errors, accidents, or issues that may cause work stoppages during operations. Surety bonds are frequently used in the construction sector to guarantee that a project will be completed.
Damage, injuries, and other issues that small companies may have when delivering services are covered by liability insurance.
Small businesses frequently need to be bonded and have liability insurance. Although both have expenses, the client protections they offer enable companies with these insurance plans to charge greater prices.
What is Bonding & Liability Insurance?
Small businesses that need to be provided with insurance have many different kinds to choose from. Surety bonds assure the completion of projects and are widely used throughout the construction industry.
