Can someone who worked for a bonding firm ethically say-so that they worked contained by commercial insurance?
Answers:
NO...
In nouns, a bond is a debt security, in which the authorized issuer owes the holders a debt and is indebted to repay the principal and interest (the coupon) at a later date, termed later life. Source(s): http://bankersglobaltrust.com
No if they do they are misrepresenting themselves and they will get caught.
Since you plainly know what bonding is all about you will be completely lost if you be in motion into commercial. I used to work for a bonding firm myself and I now work in commercial lines.
Two different bubble games. I look at contracts for some of our clients but only to find out what coverage they need for the extraordinary job. Commercial lines you don't need to immobilize a bonding line and you certainly don't have need of GIA, WIP, LOC and personal financials. Trust me, TOTALLY different ball game.
Depends on what kind of bonding you're talking roughly. Most are surety type deals - license bonds, bid bonds, performance & clearing bonds, etc. Those are clearly a product of commercial insurance.
However, it's a very narrow, restricted aspect, and won't carry over to other personal lines.
So yes, but unless they clarify, it will come back to bite them within the rear. Source(s): agent, 21+ years
No, two differant ball games.
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