If you are engaged as a server contract provider operating in Maine, you are required under MRSA Title 24-A Chapter 89 to file a Maine Service Contract Providers Financial Assurance Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Maine Service Contract Providers Financial Assurance Bond holds you accountable for your business decisions.
By possessing a Maine Service Contract Providers Financial Assurance Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.