Why do I need to have a surety bond? The short answer is “because THEY said so!” It’s the law. What does a bond do, anyway? Surety bonds are similar to insurance in that they offer protection from defined risks. One primary difference is whom they protect. Bonds provide NO protection for the licensee (principal) who is required to purchase them. Instead, bonds protect the state regulating department (obligee) who requires them to be purchased.Click to continue
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