Report question

Note: your identity will not be shared with the person who sent you this message.
This field is required

Does anyone know if a business owner has ever been refused the right to purchase a bond because of insufficient financial assets? The bond in question is for $50,000 and the profession is being an arts agent.

Sign in to answer

3 answers

Renee,

What type of bond?  There are several.  Typically a bond is like an insurance policy of sorts.  You must be able to qualify and pay for the bond.  The best bet is to find a good commercial insurance agent in your area to discuss the particulars.  I hope this helps.

Report Steve 's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required

The bonding company would have to pay for what ever you are bonding if you would default on delivering what you promise a customer, so the bonding company needs to make sure you are financially stable before they will bond you.  A bond is a temporary Help to you if they have to pay it.  The bonding company will still look to you (your financial wealth), to get the money back, unlike insurance....

Report Rex's answer

Note: your identity will not be shared with the person who sent you this message.
This field is required