Protecting Private Money

[Bond Magician]

If a private company is requiring a bond of me, does that mean that I need some sort of insurance product as opposed to a surety bond? I understand that the purpose of a surety bond is to protect PUBLIC money.

[Surety Queen]

If a private company is requiring a bond of me, does that mean that I need some sort of insurance product as opposed to a surety bond? I understand that the purpose of a surety bond is to protect PUBLIC money.

I guess we'd need to have some more information before giving you an answer to your question. What kind of work will you be doing for this private company? How large is the contract? If they are asking for a bond - that's probably what they want - as long as they understand the purpose of a bond. Talk to them - perhaps some kind of insurance policy will satisfy their need.