The Vermont Bond Form For Self-Insured is a document used by businesses in the state of Vermont to certify that they have sufficient financial resources to pay for losses, damages, and expenses related to their operations. This form is required by the Vermont Department of Financial Regulation for any business that is self-insured, meaning they do not have a traditional insurance policy in place. The bond form serves as a guarantee that the business will be able to meet its obligations. There are two types of Vermont Bond Forms For Self-Insured: the Surety Bond and the Letter of Credit. The Surety Bond is an agreement between the self-insured business and a surety company that the surety company will cover any losses, damages, or expenses up to the amount of the bond. The Letter of Credit is an agreement between the self-insured business and a bank that the bank will cover any losses, damages, or expenses up to the amount of the Letter of Credit. Both forms must be signed and notarized in order to be valid.