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Surety Bonds

What is a Surety Bond?

A surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract.

  • The principal is the individual or business that purchases the bond to guarantee future work performance.
  • The obligee is the entity that requires the bond
  • The surety is the insurance company that backs the bond. The surety provides a line of credit in case the principal fails to fulfill the task.

Why Would I need a Surety Bond?

  • Contractor Bond – Construction professionals often need this before they can begin work on a project.
  • License Bond – When required of you but not for a specific contract. Often need to get a license or permit.
  • Fidelity Bond – Bond insurance for your company not required by anyone.
  • Court Bond – When required by a Court.

When you are in the market for any type bond, call us and we will respond with prompt and professional service to meet your needs.

Contact Us Now For Immediate Assistance

Call Us Today to Set Up an Appointment:

(706) 323-7735