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Bonding

Bonding Insurance [Canada Business Network, CBN]

Publisher: 
Government of Canada
Year of publication: 
2012

A bond is a form of insurance that protects your business against losses caused by internal fraud, theft, or incompetence. If mistakes are made by your employees that result in losses for your customers, restitution for damages is paid by your insurance company. Some businesses are required by law to purchase bonding insurance, and others do so to increase their business’ credibility.

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by Dr. Radut