Bonds Insurance






Surety bonds we offer:
a

  • License & Permit
  • Subrogation
  • Performance & Payment
  • Court
  • Financial Guarantees
  • Miscellaneous Guarantees

Bond Insurance offered:
a

  • Fidelity Bonds
  • Contract
  • Errors & Omissions Insurance
  • Directors & Officers Insurance

A variety of bonds can be issued up to $50,000, regardless of credit (does not apply to contract, court, and subdivision bonds).

411 on Surety Bonds

Surety bonds are three-party agreements in which the issuer of the bond (the surety) joins with the second party (the principal) in guaranteeing to a third party (the oblige) the fulfillment of an obligation on the part of the principal.

Obligee:

The party (person, corporation, or government agency) to whom a bond is given. The obligee is also the party protected by the bond against loss.

Principal:

The individual who is required to be bonded by the obligee.

Surety:

A person or institution that guarantees the acts of another person or institution.