A Bond is a three party contract under which the insurance company (Surety) agrees to pay losses caused by the named insured (Principal) failing to perform a specific act. If the insured defaults, they must then reimburse the Surety for the amount of the loss. Examples of types of Bonds:

• License & Permit Bonds
• Probate Bond
• Bid Bond
• Payment & Performance Bonds
• Unemployment Bonds

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