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Fidelity Bond vs Surety Bond – What’s the Difference?
We often have client inquiries from businesses stating that they need a fidelity bond for their cleaning company or moving company. However, this is an antiquated term and bond type in the Canadian market and has since been replaced with an insurance product. Let’s jump into Fidelity Bonds vs Surety Bonds and why they’re different. In 2025 and onwards, fidelity surety bonds
Canadian Surety Bonds in 2024: Looking Forward
As 2024 unfolds, the Canadian surety bond industry stands as a crucial pillar in various sectors, notably construction, infrastructure, public services, development, and imports. Its integral role in assuring project completion and financial stability positions
The Ultimate 2024 Guide for Customs Bonds in Canada
If you have plans to import goods into Canada or the United States, this is when you might come across customs bonds. So, what is a customs bond, and how do you get one? In
Technical Safety BC Electrical Bond
Navigating the complexities of regulatory compliance can be challenging, but obtaining your $10,000 Technical Safety BC Electrical Bond shouldn’t be. With our streamlined online process, you can secure your bond in just a few minutes.
The Beginner’s Guide to BC Bonds
The beautiful province of British Columbia is one of Canada’s treasures. Forestry, mining, construction, tourism; you can find it all in BC. As the province continues to develop, BC Bonds have become an essential tool
An Unseen Pillar: The Role of Surety Bonds in the Mining Industry
Mining, a foundational pillar of modern civilization, encompasses more than extracting Earth’s treasures. It’s a balance of benefiting from our planet’s resources while ensuring its restoration and protection. So, what is the role of surety
Top 10 Benefits To Bond Construction Projects
If you’ve been around the construction industry long enough, chances are you’ve come across surety bonds. Bonds play a pivotal role in ensuring projects are executed seamlessly and with the utmost professionalism. These financial instruments
Why Surety Bonds Are Not Insurance
In the risk management space, two terms that often intertwine are “surety bonds” and “insurance”. While they might share some similarities, they fundamentally differ in purpose, structure, and expertise required. Let’s delve into why surety
6 Tips On How To Get Bonded In Alberta
Understanding how to get bonded in Alberta is a pivotal step for businesses aiming to establish themselves in this dynamic province that fosters fair competition. Alberta’s diverse economic sectors, from construction to mining, importing and
How to Obtain an Electrical Contractor’s License in BC
In British Columbia, the electrical industry is governed by strict regulations to ensure the safety and well-being of its residents. Technical Safety BC, formerly known as the BC Safety Authority, plays a pivotal role in
What are the Requirements for a Surety Bond in BC?
Something that we’ll often get as a question from new clients is, what are the requirements for a surety bond in BC? Well, the answer will depending on what industry you’re operating in, what type