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What is a Surety Bond?
Surety Bonds
Protect against claims of unacceptable or unfinished work, failure to fulfill with laws and regulations, and allegations of theft and fraud. There are three (3) parties involve:
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Principal – the person/business needing the bond
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Obligee – the person/business requiring of the bond
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Surety - the company underwriting the bond
Here are some of the types of bonds
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Commercial Bonds
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Contractor / Construction Bonds
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Fidelity / Dishonesty Bonds
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Janitorial Bonds
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Errors & Omissions Bonds
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