Imagine that you have just bought a car, but despite your best efforts in examining it before purchasing, it breaks down within a week. In this situation, the surety bond that your auto dealer was required to post guards you from financial harm. Because of this protection, you can file a claim against the company and get compensated for your losses. While some people have the misconception that surety bonds are insurance for a company, the reason why businesses purchase them is actually … [Read more...]