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Permit Bond
(redirected from Permit Bonds)

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Permit Bond
A bond guaranteeing that a person with a permit from the government to perform a task will perform that task to the proper regulations. The bond provides compensation to an injured party in the event that the permit holder does not fulfill his/her obligations.
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CNA has become the nation's largest provider of commercial surety bonds, particularly license and permit bonds, fiduciary bonds and public official and court bonds.
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License and permit bonds, required by the government for people or companies to engage in certain types of business, also help consumers know they are dealing with legitimate companies or individuals.
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