This week’s blog was contributed by one of our Account Supervisors, Cheryl Thornton. Before we discuss the process of obtaining a bond for a Sweepstakes, let’s first explain what a bond is and why it is needed for a Sweepstakes. A bond, also known as a surety bond, is a financial instrument that protects the public from fraud or credit losses by guaranteeing payment and/or awarding of the prizes offered.
