Insurance and Bonding
Insurance and bonding are used to provide financail security and preserve investments from loss. Most people and companies use insurance regularly to guard against theft, fire, flood, and other kinds of accidents. We insure our homes, cars, boats, mortorcycles, RVs, and ourselves in case something happens.But there is another kind of insurance for small businesses and that is called bonding or a surety bond.

Performance Bonds and Bonding
Being bonded can provide a business a competive advantage. Having a bond or surety bond creates a third party guarantee to insure products or services will be  made or delivered and any required rules are followed. Generally the surety companies are also insurance companies, but becomming bonded is more like getting a bank loan than just buying insurance.

Surety Bonds
Many independant contractors are bonded and other small businesses are starting to use bonding to make customers more at ease which should help to promote their business. This is especially good for any business where employees visit someone's home such as pest control, plumbers, carpet cleaners, escorts, or maids. In some states certain professions are required to be bonded such as real estate agents or escorts. Most bonding is not expensive and can provide protection for a company if an employee should commit a crime while on the job, but your customer will still be unprotected.