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WATCH THE FULL EPISODE: 00:00 – Intro: Why Surety Bonds & Subcontractor Defaults Matter Many people wonder about the difference between a bond and insurance, especially whether they need both. Let's break it down: (hereinafter referred to as Surety), a corporation organized and existing under the laws of the state of and authorized to transact business as a surety
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For those in the construction industry, bonds are not a foreign concept. Surety bonds are used to protect business and property