What is a surety bond?

Surety bonds are agreements involving three parties that ensure a business or individual meets their contract obligations and complies with regulations. The three parties are the obligee (the party requesting the bond), the principal (the party obtaining the bond), and the surety (the company providing financial backing for the bond).

How do Surety Bonds work?

You pay a small part of the bond amount to get bonded, known as a bond premium. This percentage varies for each person and depends on several factors, like bond type, credit score, and financial statements.

For an estimate of your bond cost, call us or fill out the online form and we will give you a free assessment with no obligation.