Personal and Commercial Texas Auto Insurance Specialist
is used to guarantee that a contractor will perform work as agreed on the construction contract. If the work is not performed to the specifications of the contract, the insurance company will pay up to the amount listed on the contract bond.
Examples of a contract bond are:
This bond is required by the state, city, and local government before a someone can legally operate a business. There are a large number of commercial bonds available which depends on the type of business services or products being provided.
Some examples of commercial bonds include: auto dealer bond, auction bond, broker bond, and janitorial bond. It is imperative to know if a bond is required by the state and/or local government as part of your business venture planning.
A court bond is a dollar amount that must be paid by a defendent standing trial in a criminal case. This bond is to ensure that the defendent will return to trial. A defendent can be remanded and denied bail. In this case he would be held in jail until his court appearance trial date.
