A Surety Bond is a three-party agreement whereby the surety guarantees to the project owner that the contractor is capable of performing the contract in accordance with the contract documents. Performance of the contract, which is the subject of the bond, determines the rights and obligations of the surety and the project owner.
There are eight different families of surety bonds:
- Notary Bonds
- Fiduciary Bonds
- Judicial Bonds
- Public Official Bonds
- License and Permit Bonds
- Miscellaneous and Federal Bonds
- Contract Bonds (Bid and Performance Bonds)
- Fidelity Bonds
Contact us for a free, comparative quote from a range of carriers, and get the best rate on surety bonds.