Surety Bonds

Surety BondsA Surety Bond is a three-party agreement whereby the surety guarantees to the obligee (the project owner) that the principal (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 obligee.

Here are the eight different families of surety bonds:

  1. Contract Bonds (Bid and Performance Bonds)
  2. License and Permit Bonds
  3. Notary Bonds
  4. Fiduciary Bonds
  5. Public Official Bonds
  6. Fidelity Bonds
  7. Miscellaneous and Federal Bonds
  8. Judicial Bonds
Contact us today for all your Surety needs!

 

October 22nd, 2015 by Commercial West Insurance Agency