207 West Main Street
You need to get professionally licensed, You need one for a construction job, You need one for Court, and/or You want to protect your business.
Bonds are meant to protect you from harmful, or otherwise bad business practices. Bonds, in business, are a guarantee for customers that you will follow through with your required obligations/duties. A number of different industries require bonds for consumer protection, & sometimes business owners purchase them by choice.
A good rule to go by is that if you are told you need a bond, you most likely do.