XYZ Insurance Company markets a wide range of coverages.One type of coverage provides monetary compensation if a bonded party fails to perform certain acts.This coverage is called

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The type of coverage described in the question is called surety bonding. It provides monetary compensation if a bonded party fails to perform certain acts. This type of coverage is often used in construction projects or other types of contracts where one party needs assurance that the other party will fulfill their obligations. Fidelity bonding, on the other hand, usually provides coverage for losses resulting from employee theft or dishonesty.

XYZ Insurance Company Markets a Wide Range of Coverages