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Written By-When try this site concerns a performance bond, it ensures that the principal (the event that purchases the bond) will certainly fulfill their commitments under the bond's terms. If the primary fails to meet these responsibilities and defaults on the bond, the surety is responsible for covering any losses or damages that result.1. Loss
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Uploaded By-Polat AggerDid you recognize that virtually 60% of organizations aren't aware of the difference between surety contract bonds and insurance? Understanding this distinction is essential for safeguarding your company and guaranteeing its success.In this guide, we will break down the key distinctions between these two essential types of fi
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