How does one go about getting bonded and insured?

I am interested in starting my own business and live in Maryland. I was wondering how one goes about getting insured and bonded? And exactly what bonded is...Thanks

Answer:
You go to an insurance agent to buy insurance. You will need liability insurance, property insurance, workers comp insurance.
Most commercial insurance brokers have bond salesmen on staff.
There are surety bonds and performance bonds. Surety is for handling other people's money. Performance is for using contractors. They post a bond so you are sure there is money for the work to get done, if the contractor fails to do the work.
You may need employee dishonesty bonds if you have employees.
Depending in the nature of the business, you may not need all of the above coverage or you may need more. Other Questions and Answers:
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