How Bonds Work

Jackson explains that surety bonds involve a three-party obligation: the principal (customer), the surety company (provides financial backing), and the obligee (state, city, or project owner). If the principal defaults on their obligations, the bond can be claimed for reimbursement, protecting consumers from fraud and unethical behaviour. It also safeguards taxpayers in federally funded construction projects. Resources ________________________ Website: https://www.theidudes.com/ ________________________ Links to podcasts: iTunes: http://bit.ly/idudespodcast?sub1=--CLICK-ID-- Google Podcasts: http://bit.ly/idudesgooglepodcast?sub1=--CLICK-ID-- Spotify: http://bit.ly/idudesspotify?sub1=--CLICK-ID-- Stitcher: http://bit.ly/idudesstitcher?sub1=--CLICK-ID-- TuneIn: http://bit.ly/tuneinidudespodcast?sub1=--CLICK-ID-- Overcast: http://bit.ly/overcastidudespodcast?sub1=--CLICK-ID-- YouTube: http://bit.ly/idudesytchannel?sub1=--CLICK-ID-- Linkedin: http://bit.ly/theidudeslinkedin?sub1=--CLICK-ID-- ________________________ Social Channels: Facebook: https://www.facebook.com/theinsurancedudes Instagram: https://www.instagram.com/insurance_dudes_podcast/ Linkedin: https://www.linkedin.com/company/the-insurance-dudes-podcast/ ________________________ Join the Insurance Dudes Facebook Group: https://www.facebook.com/groups/2689236494482855/ ________________________ Turn YOUR Insurance Team Into A Sales Machine!! https://live.teledudes.com #JasonFeltman #CraigPretzinger #InsuranceDudes #TeleDudes #InsuranceAgency #SuretyBonds #SuretyBonds #ConsumerProtection #FinancialBacking #Obligee #Reimbursement

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