Legal Question in Business Law in Massachusetts

Getting 'Bonded'

Could you please tell me the process for getting bonded in Ma., in referance to starting a business. And what does it actually mean to get 'bonded'?


Asked on 5/13/04, 10:43 am

1 Answer from Attorneys
Nance Lyons Law Office of Nance Lyons

Re: Getting 'Bonded'

If your business requires you to be bonded and you are the owner, you go to an insurer who issues indemnity bonds and pay for the bond. These bonds are to assure that you can cover Liabilities to third parties incurred by your employees.

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Answered on 5/14/04, 3:20 pm


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