Mynatt Insurance in Odessa and Tampa Florida Provides Special Coverage That Meets a Number of Insurance Needs
A performance bond is a guarantee that is written by an intermediary guarantor. Then it is given to the principle by the supplier if they win the proposal. The guarantor can be an insurance company or a bank while the principle is the consumer. The reason why this written document is produced is so that the consumer can be paid a particular amount of money if the contractor fails to wind up their bond.
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