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What is a Surety Bond?
There are many types of bonds. Surety Bonds are a promise to pay one party a certain amount if the second party fails to fulfill an obligation or terms of a contract. To say it another way, a Bond guarantees the performance of a contract or other obligation. Bonds are three-party instruments. One party guarantees or promises a second party the successful performance of a third party.
A surety bond is a contract between three parties:
- The principal (you),
- The surety (us) and
- The obligee (the Entity requiring the bond)—in which the surety financially guarantees to an obligee that the principal will act in accordance with the terms established by the bond.
Surety Bonds helps all sizes of businesses win contracts!
Do you need more business? Get a Surety Bond for your Business.
When You Are Bonded, You Prove You Are THE Right Person For The Job! Get Bonded!
A Bond provides the customer with a guarantee that the work will be completed. Many public and private contracts require surety bonds, which are offered by surety companies.
To get a Surety Bond send us an Email or call (702) 541-0882 to Request a Surety Bond.
We need to know:
- Who is requiring the bond,
- How much should the bond should be and
- What type of bond that you need.
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