Understanding Contract Fulfillment Guarantees

Bond Insurance

Many organizations require a form of guarantee of work and payment when hiring different professionals like contractors, licensed operations, and suppliers. A surety bond becomes a contract for this guarantee, with a third part company offering the financial support for the contract. How Do Bonds Work? As the information at https://www.axisins.com/ explains, there are three parties involved in a bond […]

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Why Should Businesses Get Drawback Bonds Insurance?

drawback bonds insurance

Any company that imports merchandise into the United States will usually be required to pay duties and taxes on those goods. However, it may be possible to receive a refund, also known as a drawback. To receive the drawback, the imported merchandise (or the items that have been made from that merchandise) typically needs to be exported or destroyed within […]

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