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The Bunker Talk: Ep 21 Building Better Teams with Lisa Rigoli
In this latest episode of the The Bunker Talk, we sat down with an incredible business owner, Lisa Rigoli of Element of Change, to discuss the real, behind-the-scenes struggles of running a business and the invaluable lessons they’ve learned along the way. Episode Highlights: In this conversation, we […]
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The Bunker Talk: Ep 20 The Power of Building a Personal Brand on LinkedIn with Daniel Wakefield
In this latest episode of the The Bunker Talk, we sat down with an incredible business owner, Daniel Wakefield Headshot Photographer and First Impression Architect, to discuss the real, behind-the-scenes struggles of running a business and the invaluable lessons they’ve learned along the way. Episode Highlights: In this […]
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The Bunker Talk: Ep 19 Building an Iconic Brand with Michelle Balaun
In this latest episode of the The Bunker Talk, we sat down with an incredible business owner, Brand Director Michelle Balaun, to discuss the real, behind-the-scenes struggles of running a business and the invaluable lessons they’ve learned along the way. Episode Highlights: In this conversation, we dive deep […]
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5 Tips to Guide Electricians Through a Workers Comp Audit
If you’re an electrician, the phrase “workers’ compensation audit” might send a shiver down your spine. Whether you’re new to the process or have faced a few audits before, the experience can feel daunting, especially if you’re not fully prepared. But don’t worry; understanding the workers’ compensation audit […]
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The Bunker Talk: Ep 18 The Keys to Marketing in a Hybrid Business World With Nicole Mastrangelo/The Daily Drip
In this latest episode of the The Bunker Talk, we sat down with an incredible business owner, Nicole Mastrangelo Co-Founder of The Daily Drip, to discuss the real, behind-the-scenes struggles of running a business and the invaluable lessons they’ve learned along the way. Episode Highlights: In this conversation, […]
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Myths and Mistakes: Common Misconceptions About Cyber Liability for Manufacturers
In today’s interconnected world, manufacturers are increasingly becoming targets of cyberattacks. From ransomware infiltrating smart factory systems to data breaches exposing proprietary designs, the risks are real and growing. Yet, despite these threats, many manufacturers remain underprepared, partly due to misconceptions about cyber liability insurance. Let’s get into […]
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The Bunker Talk: Ep 17 Navigating Employees with Suhaill Morales
In this latest episode of the The Bunker Talk, we sat down with an incredible business owner, Suhaill Morales, founder and owner of SMM Law, to discuss the real, behind-the-scenes struggles of running a business and the invaluable lessons they’ve learned along the way. Episode Highlights: In this […]
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The Importance of Cyber Liability Insurance in Manufacturing
Manufacturers today face a unique set of challenges. While their focus has traditionally been on machinery, production lines, and workforce management, they are now increasingly vulnerable to cyber threats. With more factories adopting smart technologies and connected devices, the risk of a cyberattack is higher than ever. In […]
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The Bunker Talk: Ep 16 A Safe Place for Children with Erik Chafin
In this latest episode of the The Bunker Talk, we sat down with an incredible business owner, Erik Chafin, the CDO of Children’s Harbor Inc., to discuss the real, behind-the-scenes struggles of running a business and the invaluable lessons they’ve learned along the way. Episode Highlights: In this […]
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Why Bonds Matter for Electrical Contractors: Unlock Bigger Opportunities
As an electrical contractor, you know that landing big projects is often the key to taking your business to the next level. Whether you’re bidding on government contracts or securing large-scale commercial jobs, one crucial factor can make or break your success: bonds. What are Bonds, and Why […]
Read MoreFrequently Asked Questions
A bond in layman's terms is a way to secure a debt.
It is a way of you the consumer, being able to put up a little cost upfront that says “I am letting you borrow this money so as to your agreement to pay the face value of the said bond if ever needed”. In the real world, bonds can be issued by a government, municipality, corporation, federal agency, and other entities.
A surety bond is a contract between three parties. The person who is the recipient of an obligation, the primary party who will perform the contractual obligation and the person who assures the obligation will be done.
These bonds are a type of surety bond. They provide a proof and guarantee of ownership to the Department of Motor Vehicles. When no other form of documentation is available a Lost Title Bond shows the DMV that you are the “owner” of said vehicle.
Contractor bonds are one of the most “popular” bonds you will see asked for in the insurance space. Contract bonds are used in the construction industry by general contractors. They are a guarantee to a project’s owner that the general contractor will adhere to the contract put in place.
These types of bonds function as a guarantee to a government entity that a company will comply with a statute, state law, ordinance, etc.
Some examples are but not limited to:
- Contractors License Bonds
- Tax Bond
- Environmental Bonds
- Broker’s Bonds
- Motor Vehicle Dealer Bonds
- ERISA Bonds
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This is FAQ answer. Click to edit this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.