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Article created by-Matzen BramsenGuaranty Bonds give a financial guarantee to an obligee, such as a government agency or customer. By doing this, the obligee is shielded against loss if the principal fails to satisfy the terms of the agreement. https://www.insurancebusinessmag.com/us/news/breaking-news/sompo-international-secures-lexon-surety-group
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Article by-Reid ScarboroughSurety Bonds are a kind of insurance coverage that guarantees payment of a financial obligation or efficiency of an agreement. The surety firm takes the threat and also charges a costs to cover that danger.There are several sorts of guaranty bonds. These consist of construction bonds, specialist bonds, court bonds as well
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