_____ provide(s) protection against the failure of a contractor to fulfill contractual obligations.

Question

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Surety bonds are specifically designed to provide protection against the failure of a contractor to fulfill contractual obligations. They are a form of guarantee that ensures the contractor will perform the work as specified in the contract, and if they fail to do so, the surety company will provide compensation to the owner of the project. Fidelity bonds are designed to protect against employee theft or fraud, while key person insurance is designed to provide protection in the event of the death of a key employee. Business insurance is a broad category that includes many types of coverage, but it generally provides protection against losses due to a variety of events, such as property damage, liability claims, and business interruptions.

_____ Provide(s) Protection Against the Failure of a Contractor to Fulfill