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Principles of Surety Bonding Surety bonding has much more in common with commercial lending than it does with insurance. Unlike insurance coverage and fidelity bonding, surety bonding is essentially a three-party obligation. It consists of: •        Obligee This is the first party, the party to whom the indemnity is provided. Note: A.I.A. construction bonds use […]

If you’re operating a licensed marijuana (also known as cannabis) business, Washington state rules (leg.wa.gov) require you to buy insurance to protect your business from potential losses. Who may need to buy marijuana business-related insurance Marijuana retail stores Marijuana producers Marijuana processors Landlords who rent to marijuana business owners What insurance covers In Washington state, […]