A bond is similar to insurance but provides important and unique protections. In essence, a bond is a guarantee to pay in the event that you fail to fulfill contractual obligations or operate in accordance with local laws and guidelines.
Bonds are often required in order to obtain business licensing in a federal, state, or other local agency. There are many different types of bonds but they all function in a way that is similar to insurance. When your business enters into a contract, you are obligated to fulfill the terms of those contracts and operate in a lawful and ethical manner. Unfortunately, things happen and disputes arise that can lead to litigation. If it is deemed that your work is unsatisfactory or failed to fulfill contractual obligations, your bond will pay for any resulting required compensation.
A bond is essentially a guarantee of your work and most individuals and businesses will not enter a contract with you if you are not bonded. For this reason, obtaining a bond is an essential component of most businesses’ success. We have the experience and industry knowledge to help you obtain all the necessary bonds to minimize risk so that your business can thrive.
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We believe while 21st digital solutions make workplaces efficient and quick paced; but some projects require a human interaction that cannot be replaced by a digital portal. We pride ourselves on our staunch dedicated staff who are always looking to help your business and create solutions that solve your needs, because we understand that your needs are unique. At RRM we believe your more than just another number in our book, you’re a business partner, one we know we can keep for life.