When It Comes To Bonds, Consider Bay Area Insurance

December 19, 2019

Bonds concept illustration of hands pointing to bond documents, paper money and coins, a calculator and papers over a map of the world

In Need of a Bond?

Then Contact Bay Area Insurance

Financial concept, stacks of coins in a row getting increasingly taller on top of printed papers with graphs and charts

Bonds vs. Insurance

What's the Difference?

Key Differences Between Bonds and Insurance:

  • Parties involved in the contract. With an insurance policy, there are just two parties involved, the insured and the insuree. With a bond contract, three parties are involved: the surety, the principal and the obligee.
  • Financial restoration after a loss. With insurance policies, losses are expected and rates are adjusted to cover those losses depending on several factors. When a bond is issued losses are not expected to occur, a business is expected to prove to a bonding company that it is trustworthy.

 

Owning a business means taking risks. We offer a variety of bond services to ensure that your business is protected.

 

Think of us for your bonding needs. 

If you need a bond, contact a bond specialist from Bay Area Insurance at 410-647-7333. We can help you find the surety products that keep your business covered.

 

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