Surety Bonds

15 Things You Should Know Before Purchasing a Bond

Posted by - February 13, 2025

Surety vs. Insurance – A surety bond is not insurance. It guarantees compliance and performance, protects third parties. It has three parties: the principal (buyer), the obligee (requiring entity), and the surety (issuer). Click here to learn more about the differences between surety bonds and insurance. Finding the Right Bond – There is no such