Surety Education

What is a Surety Bond – Education 101

Want to know the details about a surety bond and all that it has to offer? Find out more about this legally binding contract and obtain a helpful business resource. If you’re new to the concept, you might still be asking, what is a surety bond? Simply put, a surety...

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Top 10 Misconceptions about Surety Bonds

To say that Surety Bonds are confusing is putting it mildly. There are so many misconceptions and misunderstandings when it comes to Surety Bonds. Below are the Top Ten Misconceptions about Surety Bonds. We hope that this article clears some of them up. Misconception...

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How Does a Surety Bond Work?

If you’ve ever had to do business in construction, you might be familiar with surety bonds. These are legally binding contracts that guarantee that the principal (the party that has the responsibility of performing the contractual obligation of the bond) will complete...

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What Does A Surety Bond Cost?

If you are considering the option or are required to post a surety bond you might be wondering about how much it will cost you. Since there are numerous types of surety bonds, there’s no straight answer that’ll answer your question regarding the surety bond cost. The...

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Indemnity Agreements – What are they?

Unlike the insurance industry, a necessary tool in the surety industry is the utilization of indemnity agreements. So….what exactly are indemnity agreements? Indemnity agreements are a contract that binds a principle (business owner) to a surety bond carrier....

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Surety Bond CLAIMS Explained

A common question when a person is buying a surety bond is “how and why would someone put a claim against my bond?” A claim on a surety bond is basically an alleged grievance stating that the bond holder (you) has either broken the law or not satisfied your required...

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