Surety Bonds

This is a financial guaranty provided by an insurance carrier. There are many types of bonds available. The most typical are:

  • Fidelity (Employee dishonesty)
  • Financial Institution
  • Public Official
  • Public Employee
  • Judicial (Court)
  • Probate
  • License and Permit
  • Contract
    • Bid
    • Performance and Payment
    • Maintenance
    • Supply
    • Subcontractor
    • Completion
  • Miscellaneous

Obtaining a bond is much like obtaining a loan. Your acceptability for bonding is determined by many factors, but generally the “Three C’s” apply: Character, Credit, and Collateral.