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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
Bid Bond vs Performance Bond: Key Differences
This article will delve deep into the nuances of a Bid Bond vs Performance Bond, highlighting their key differences, real-world applications, and their broader implications in various industries. Whether it be in construction or the
How Does A Bond In Construction Work?
In the construction industry, where every project stands as a testament to innovation and collaboration, the shadows of uncertainty and risk linger. Enter surety bonds, a robust safeguard that fortifies projects, fosters trust, and empowers
What Is a Bid Bond? A Beginner’s Guide
In the world of contracts and procurement, you may have come across the term ‘bid bond’. It is a critical element in ensuring the smooth execution of contracts, especially in the construction and supply industries.
What is the Meaning of Bondable in Canada? The “3 C’s” of Surety
Surety bonds play a crucial role in various industries and sectors across Canada. They provide a level of financial security and guarantee that a business or individual will fulfill their contractual obligations or responsibilities by
How Subdivision Bonds Free Up Capital for Developers
In the property, real estate, and subdivision development industries, capital plays a vital role in driving progress and growth. However, developers often find themselves burdened by the requirement to provide Letters of Credit (LOCs) as
Navigating CARM: Understanding RPP Bonds for Importers
Whether you’re a domestic importer or a foreign entity, navigating the constantly evolving import requirements in Canada can be difficult. That’s why we’ve developed a comprehensive guide on navigating the Canada Border Services Agency’s CARM
Administration Bonds: A Comprehesive Guide for Canadian Lawyers
As legal professionals, lawyers play a crucial role in protecting their clients’ interests and ensuring compliance with legal requirements. In certain situations, lawyers may need to pursue Administration Bonds on behalf of their clients. In
Why Should My Business Be Bonded?
As a business owner, you’re always looking for ways to protect your company’s interests. One important way to do this is by getting bonded. A surety bond is a legally binding agreement between three parties:
What Does Artificial Intelligence Mean for the Surety Industry?
An Introduction to OpenAI and ChatGPT OpenAI is a leading artificial intelligence research laboratory that is widely known for its innovative approach to machine learning and natural language processing. One of the tools developed by
Bitcoin as Equity for Canadian Surety Bonds
An Introduction to Bitcoin (BTC) Bitcoin (BTC) – depending on whom you ask, you’re going to receive a variety of responses as to what it is exactly: A cryptocurrency A store of value Digital gold A