Insurance for your financial backers that you'll deliver a final product by an agreed-upon date, and a bond that protects you against damage claims on someone else's property is called

Question

Quizplus · Accepted Answer

A completion bond is insurance protection for the investors who are financing a particular project, which assures them that the project will be completed on schedule or they will receive compensation. It is also a form of insurance that guarantees compensation for any losses or damages that may be caused by the project on someone else's property. Therefore, the correct option is B.

Insurance for Your Financial Backers That You'll Deliver a Final