The Utah Corporate Indemnity Bond of Broker-Dealer is a bond that is required by the Utah Securities and Exchange Commission, and is designed to protect customers from financial harm or losses due to the failure of the broker-dealer to fulfill its obligations. The bond is a contractual agreement between the broker-dealer, the customer, and a surety company that holds the bond. The surety company will provide financial reimbursement to the customer if the broker-dealer fails to perform its obligations. There are two types of Utah Corporate Indemnity Bond of Broker-Dealer: the Standard Indemnity Bond and the Professional Indemnity Bond. The Standard Indemnity Bond is designed to protect customers from losses due to non-payment or failure to deliver securities. The Professional Indemnity Bond is designed to protect customers from losses due to the broker-dealer’s negligence, fraud, or other wrongful acts.