A License Bond guarantees the the bond holder will comply with the statutes and license requirements of the granting state. Contractors often need to secure License Bonds as do mortgage brokers (Mortgage Broker Bonds). Damages resulting from deliberate license and statutory non-compliance may be filed against the bond by any person 'damaged'.
Do you have questions about License Bond?
Contact an insurance specialist at James E. Moore Insurance Agency, Inc. today to answer any questions about License Bond or for a free review and insurance quote for License Bond.