Unlike traditional insurance, which protects your business from unexpected financial losses, a surety bond is a three-party financial guarantee:

Performance, Payment, Bid, and Maintenance bonds ensuring contractor performance and proper payment to suppliers and subcontractors.
Required by state, county, or municipal entities for auto dealers, general contractors, electricians, freight brokers, and other regulated professions.
Probate, estate, appeal, and fiduciary bonds required during legal proceedings to protect beneficiaries and court directions.
ERISA bonds, employee dishonesty coverage, and business services bonds designed to safeguard client assets and company resources.
A financial guarantee required by the state Department of Motor Vehicles (DMV) to establish legal vehicle ownership when the original title is missing, damaged, or incomplete.
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