A Surety Bond is a contract guaranteeing the performance of a specific obligation. Simply put, it is a three-party agreement under which one party, the surety company, answers to a second party, the owner, for a third party’s debts, default, or non-performance.
Contractors are often required to purchase surety bonds if they are working on public and private projects. The surety company becomes responsible for paying for a loss up to the bond “penalty” if the contractor fails to perform.
The following table lists a sample of surety bonds that Insurance Headquarters can obtain for your business operations.
Insurance Headquarters has the specialized knowledge needed for recommending the best Surety Bonds. With more than 65 years of experience and access to products from over 50 insurance companies and specialty programs, trust Insurance Headquarters for all your Surety Bonds!
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