Need a Bond

In the surety industry, there are two main categories of surety bonds:

Contract surety bonds

• Used primarily in the construction industry.
• Protects the owner (obligee) from financial loss in the event that the contractor (principal) fails to fulfill the terms and conditions of their contract. 
• The obligee is protected against a contractor's inability to complete a job.

Commercial surety bonds

• Satisfies the security requirements of public, legal and government entities and protect against financial risk. 
• Guarantees that the business or individual will comply with all required legal obligations.

To learn more about the two main categories of surety bonds, CLICK HERE.

To gain a better understanding of what would be required to obtain a surety bond, please refer to these helpful “tips”:

Need a Contract Bond?

Need a Commercial Bond?