Surety bonds form the basis of public trust in professionals in a variety of fields. Globally, they are required in many countries, but not always for the same vocations. Understanding where you will need a bond to operate and what financial protection that bond will need to provide is vital to operating successfully no matter where you decide to set up shop. Finding worldwide surety bonds that provide you with the protection you need in every country you work in shouldn’t be hard when you have an international profession, but sometimes it can be.
Finding the Right Provider for Global Surety Bonds
Depending on your professional needs, you might have to get a bond for yourself and your company. International providers like the people at https://www.moodyinsurance.com/ handle all types of surety bonds, including:
- Contract surety bonds for businesses
- License or permit bonds
- Performance bonds
- Payment or bid bonds
If you’ve never bought a surety bond before, expect the process to be noticeably different, and usually more complex, than buying an insurance policy. It’s also worth keeping in mind that the two cover different risks, so you might want to talk to your bond provider about insurance options to make sure you have a robust risk management profile in every country where you do business.