The Ultimate Bond + Insurance Glossary: Terms Every Business Owner Should Know

Let’s make the lingo less intimidating. Here are a few need-to-know terms:
🔹 Surety Bond – A guarantee that you’ll meet your obligations
🔹 Obligee – The person or entity requiring the bond
🔹 Indemnity Agreement – Your promise to repay the surety for claims
🔹 Liability Insurance – Coverage for injury or damage you may cause
🔹 Endorsement – A policy add-on that changes or expands coverage
Need help decoding your policy? The Bond Babes speak fluent insurance—so you don’t have to.