What provide for monetary compensation to third parties for failure by the insured to perform specifically covered acts with in a state period?

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Surety bonds provide for monetary compensation to third parties for failure by the insured to perform specifically covered acts within a stated period. Worker compensation pools provide coverage for on-the-job injuries to employees. Multiple perils refer to insurance policies that cover a variety of risks, such as fire, theft, and liability. There is no such thing as an "Inter-insurance act."

What Provide for Monetary Compensation to Third Parties for Failure