bonding insurance

bond·ing in·sur·ance

(bahnd'ing in'sūr'ents)
Insurance against loss caused by a lack of competence or by fraud.
References in periodicals archive ?
The acquired firm specialises in commercial, personal lines, life and health, as well as bonding insurance solutions.
Speciality insurance company RLI Corp (NYSE:RLI) stated on Wednesday that through the acquisition of holding company Data and Staff Service Co, it will acquire Contractors Bonding Insurance Company (CBIC).