You may have heard about surety bonds but aren’t exactly sure what they are… Many people get confused between insurance vs. bond. While they appear similar, they can have very different implications for both businesses and consumers. The team at Viking Bond Service is here to clear up the confusion by explaining the difference between surety bond vs insurance policy.
Surety bonds are often misunderstood both by the business who needs a bond and the person or entity trying to make a claim against one! We’ve highlighted the top three surety bond myths to help you understand how surety bonds work: