In various states, the Department of Environmental Protection (DEP) requires either an insurance policy or financial assurance, which can be an insurance policy, letter of credit, or a surety bond, to protect underground storage tanks from possible sudden accidental...
Today I want to talk about the importance of insurance coverage and help you understand when an insurance policy provides or requires the insurer to indemnify a surety company for a bond on behalf of their insured. It is important to know if there is a policy that...