When a business owner purchases protection for losses occurring when a contract is not completed on time or is performed incorrectly,it is buying ________ insurance.

Question

Quizplus · Accepted Answer

Surety insurance provides coverage for losses that occur when a contracted obligation is not fulfilled as agreed upon. This type of insurance offers protection for both the business owner and their clients, ensuring that contractual obligations are fulfilled, and financial losses are minimized.

When a Business Owner Purchases Protection for Losses Occurring When