When It Comes To Bonds, Consider Bay Area Insurance
December 19, 2019
In Need of a Bond?
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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