License Bonds, Permit Bonds and Miscellaneous Guarantee Bonds are a type of surety bond, sometimes referred to as commercial bonds or simply license bonds. These license and permit bonds are required by government agencies as a pre-licensing requirement for a number of different businesses.
A license and permit bond guarantees that a business will operate in accordance with federal, state, or local laws and regulations. Each license bond is specific to one industry, and protects customers and/or the state from damages. Most commonly, license bonds protect governments and consumers from fraudulent practices committed by the business that is bonded. In any industry that requires bonding, each business must be licensed and bonded before they are allowed to legally operate.
Application: Call underwriter for appropriate application at 1-800-452-7121
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