There are many variations and uses of these bonds. If you are asked to furnish a bond for any reason, contact the Zinsmeister agency to guide you through the process.
Surety and fidelity bonds are forms of insurance issued by licensed insurance companies and are used to manage risk and protect against damage or loss in commercial transactions. Sometimes the bonds are required by law before commercial parties may engage with each other. In other cases, the bond may be obtained as needed when there is risk or concern about the performance of an employee or contracting party.
Financial institutions and retailers typically require surety bonds for new loans and lines of credit or when they wish to take on more risk than their normal underwriting guidelines permit. Bonds may also be required before an applicant is permitted access to certain facilities including airports, ports, and military bases. Bonds are often required for workers who operate heavy machinery such as cranes, forklifts, and bulldozers. Bonds can also be issued to guarantee all kinds of transactions from retail sales to real
There are many variations and uses of these bonds. If you are asked to furnish a bond for any reason, contact the Zinsmeister Insurance agency to guide you through the process.