June 2021
What Is a Surety Bond?
Surety bonds are legally binding contracts between three parties. It is a promise to be liable for the debt, default, or failure of another. One party (the surety) guarantees the performance or obligations of the second party (the principal) to the third party (the obligee). In essence, a surety bond is used to ensure government contracts are completed, to cover
6 Powerful Benefits of Life Insurance
In case you die unexpectedly, your life insurance policy would provide a financial safety net for your loved ones. According to the Insurance Information Institute (III), the two main types of life insurance coverage include term and permanent life insurance. Permanent policies usually have two key elements: death benefit and cash value accumulation. Cash value is the part of your
A Quick Guide to Business & Asset Protection Insurance
What Is Business Insurance? Business insurance helps cover the costs of damage and liability claims incurred by your business. Your provider pays for the repair or replacement costs of damages caused by fire, theft, vandalism, and bad weather. Medical expenses are also covered if a visitor gets injured on your property. Overlooking this important business plan can cause you to
5 Most Important You Need to Know Before Buying a New Home in 2021
Owning a home is a dream for many, but getting the right mortgage deal can be taxing. Many are willing to invest their hard-earned money into a brick-and-mortar structure and then customize it to make it their own. There are several benefits of owning a home instead of renting one. This includes building equity in an asset that can increase
