If you are engaged as a master clam digger in Massachusetts, you are required by the Commonwealth of Massachusetts Division of Marine Fisheries to file a Massachusetts Master Diggers Permit 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 Massachusetts Master Diggers Permit Bond holds you accountable for your business decisions.
By possessing a Massachusetts Master Diggers Permit Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.