A surety bond is a promise to be liable for the debt, default, or failure of another. It is a three-party contract by which one party (the surety) guarantees the performance or obligations of a second party (the principal) to a third party (the obligee).
Are you wondering if a surety bond is proper for you? Call us today to discuss it!
There are many types of Surety Bonds, including contract bonds, fidelity bonds, and license bonds.
Several factors can influence your Surety Bond premiums, including your financial strength, business experience, and the type of bond you need.
You can get a quote for a Surety Bond by contacting a surety company or an insurance agent.
A contract bond guarantees that a contractor will complete a project according to the terms of the contract.
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