In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and is obliged to repay the principal and interest (the coupon) at a later date, termed maturity.
Depends on what kind of bonding you're talking about. Most are surety type deals - license bonds, bid bonds, performance & payment bonds, etc. Those are clearly a product of commercial insurance.
However, it's a very narrow, limited aspect, and won't carry over to other personal lines.
So yes, but unless they clarify, it will come back to bite them in the rear.
No if they do they are misrepresenting themselves and they will get caught.
Since you obviously know what bonding is all about you will be completely lost if you go into commercial. I used to work for a bonding firm myself and I now work in commercial lines.
Two different ball games. I look at contracts for some of our clients but only to find out what coverage they need for the particular job. Commercial lines you don't need to secure a bonding line and you certainly don't need GIA, WIP, LOC and personal financial. Trust me, TOTALLY different ball game.
Can someone who worked for a bonding firm ethically say that they worked in commercia
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