Surety Bonds vs Insurance

There are two ways a surety bond is similar to an insurance policy and three important differences. This will make purchasing a surety bond easier. #suretybond #insurance #surety

🎬 Video Timestamps:
00:08 - Surety bond and insurance similarities
00:13 - Overview of the three main differences
00:20 - Difference 1: The Beneficiaries
01:05 - Difference 2: The Premium
01:46 - Difference 3: The Parties Involved
02:45 - The recap

📖 Read the blog post about the difference between a surety bond and insurance if you want to go deeper.

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