Surety Bond
Don’t let paperwork delays or compliance issues hold up your next big project. Our bond specialists make it fast and easy to get the surety bond you need—so you can focus on moving forward with confidence.
What is Surety Bond?
Surety bond insurance is a type of financial guarantee that ensures one party will fulfill their legal or contractual obligations to another. Unlike traditional insurance, which protects the person or business who buys the policy, surety bond insurance protects a third party, known as the obligee. It involves three parties: the principal (the person or business required to get the bond), the obligee (the party requiring the bond), and the surety (the company that issues the bond and backs the principal’s promise). If the principal fails to meet their obligations—such as completing a project, following laws, or paying debts—the surety steps in to compensate the obligee. However, the principal is legally required to repay the surety for any money paid out. Surety bond insurance is commonly used in construction contracts, business licensing, court proceedings, and to protect against employee dishonesty. It helps build trust in professional and legal relationships by offering a financial guarantee that responsibilities will be met.
Contact us to learn more about the right surety bond insurance for you.
