Surety bonds are different from insurance. In the simplest terms, a surety bond is a guarantee. What the bond is specifically guaranteeing is determined by the bond language.
In the event a claim is paid out by the bond company, the bond company will pursue the entity that failed to comply with the bond guarantee, for all of costs associated with the claim, including legal fees.
Types of Surety bonds
1. License & Permit Bonds
2. Public Official Bonds
3. Probate and Other Court Bonds
4. Miscellaneous Surety Bonds
5. Contract Performance Bonds
Contact us directly for more information and a proposal. Keep in mind that depending upon the type of bond obligation, supporting documentation such as signatures, financial statements, and other supplemental information may be required.
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