Contractor license bonds can be confusing if you’re new to the business, but they don’t have to be. We’ve got the answers to your most pressing license bond questions. What is a license bond? Do you really need one? Isn’t a bond just the same thing as insurance?
Read on to find out what exactly a license bond is and how to get yours.
Contractor License Bonds 101- Key Terms
Claim: A demand made by the obligee for compensation for a loss resulting from the principal’s failure to fulfill contractual duties ...