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 is a surety bond, which provides compensation if a bonded party (such as a contractor) fails to perform certain acts. Property insurance covers damage or loss to property, liability insurance covers legal liability for harm caused to others, and a fidelity bond is a type of insurance that protects against theft and fraud by employees.

XYZ Insurance Company Markets a Wide Range of Coverages