John has a plumbing business. He is trying to decide if he needs to pay for his employees to be bonded. Which of the following is true of bonding?

A. It's attractive to customers, because it covers any losses from damage that occur due to faulty work.

B. It's the same thing as insurance.

C. The bonding company doesn't require collateral.

D. It's never required by law.

Option A

It's attractive to customers, because it covers any losses from damage that occur due to faulty work  is true of bonding

A guarantee of execution needed, unless by regulation or buyer requirement, for many companies, common typically prevailing entrepreneurs, temporary group businesses, janitorial firms and transactions with administration contracts.

Sometimes complicated with insurance, bonding aids guarantee that the job you've been selected to do is done and that the customer is shielded against mishaps from stealing or harm caused by your employees. The contrast between a bond and insurance is that a bonding firm assures your pay by demanding security or endorsement if demand is produced upon you.

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