CONFUSED YET?  Insurance can be complicated sometimes.

Bonds are a very misunderstood product in the insurance industry. There are license bonds, fiduciary bonds and performance bonds, it seems like there is a bond for everything.

But what are bonds in layman terms?
CNA Surety one of the largest bond issuers in the U.S. has written a great educational piece explaining the bond universe.

Here is the link for the pdf download from CNA Surety.

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Let us clear up some of the confusion.

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