Surety Bonds

Some bonds we handle include, but are not limited to, the following:

  • Contract performance bonds

  • Bid bonds

  • Maintenance bonds

  • Payment bonds

  • License and permit bonds

 
 
 

Surety Bond: The Definition

A surety bond is a legit agreement signed between the principal, the obligee and the surety. Here the term ‘principal’ indicates the purchaser, ‘surety’ is the bondholder, and ‘obligee’ confirms the entity who needs the bond. This agreement financially ensures that the principal will act according to the conditions of the bond.