Common Surety Bonds:
Other Options for You:
100% Secure
Great Prices
Fast & Easy
Happy Customers
A+ company to do business with. No hassle and they didn't try to over charge like another big name bond company that is all over the internet. I will definitely be dealing with this company from here on.
Zachary Creel
I was extremely pleased with not only the rate I received but the excellent communication. I appreciated receiving a follow up phone call to humanize the experience rather than being bombarded with emails.
Angela Arnold
Shouldn't you get more from your surety bond provider?
Learn More About Surety Bonds »
A surety bond (pronounced "shur-i-tee bond") can be defined in its simplest form as a written agreement to guarantee compliance, payment, or performance of an act. Surety is a unique type of insurance because it involves a three-party agreement. The three parties in a surety agreement are:
The principal is an individual, business or other party that purchases the surety bond and agrees to undertake a compliance, payment or performance obligation as promised pursuant to the terms of the surety bond form or agreement.
The surety is the insurance company or surety company that guarantees the obligation will be performed. If the principal fails to perform the act as promised, the surety is contractually liable for losses sustained.
The obligee (pronounced ob-li-jee) is the party who requires and often times receives the benefit of the surety bond. For most surety bonds, the obligee is a local, state or federal government organization.
Surety bonds and letters of credit help create accountability between the various parties of a construction contract. They protect project owners, subcontractors, suppliers, and even contractors themselves from losses resulting from breaches of contract.
Fidelity bonds are a type of surety bond that protects agains dishonesty or financial misconduct by employees. These bonds are used in a variety of industries.
Surety bonds are a common requirement for many kinds of businesses that deal with automobile sales and service.
In some cases a seller may intentionally or accidentally sell the vehicle without the proper title paperwork. Under these circumstances the vehicle owner may need to a type of surety bond call a certificate of title bond.