There is a lot of fraud going on these days in the world of contractor and freelancer business. Every day someone else gets cheated, sometimes for a lot of money. Is it any wonder that businesses are nervous about hiring contractors to plan and book their incentive travel?
Perhaps an insurance instrument is the way to go for many incentive travel planners today. Especially if you are just starting out, it will be difficult to get people to trust you. Here are ways that insurance instruments can help you.
Bid Bonds
A bid bond is simply a document that holds you, the contractor, to an obligation to perform the work if you are the successful bidder. This is a popular instrument in the construction world, but it might also help the planner secure the confidence of a business owner who is a little nervous about hiring someone for big ticket travel. Continue reading »
