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Surety Bond

We understand how important it is for many business owners to obtain the surety bonds as required in order to start and conduct their businesses. We work with the most trustworthy surety providers to secure fast and affordable solutions to these requests. The types of bonds we can provide include:

What Is a Surety Bond?

A surety bond is a contract among three parties: the principle, the obligee and the surety.

The purpose of a surety bond is to facilitate the contract between the principle and the obligee.

Example:

In order for a contractor (the principle) to obtain a license from a state government (the obligee), the contractor is required to purchase a license bond from a surety company. The bond functions as a guarantee to the state government that the contractor will comply with the state laws and statutes.