A $1 million bond is just an insurance policy and probably costs $2,000, not a million. Any surety or insurance agent want to confirm this please? I am a contractor and have to provide performance and payment bonds when we do government work. 100 people would only have to chip in $20 when they sign on.
A $1 million bond is just an insurance policy and probably costs $2,000, not a million. Any surety or insurance agent want to confirm this please? I am a contractor and have to provide performance and payment bonds when we do government work. 100 people would only have to chip in $20 when they sign on.