As defined by Wikipedia, “A surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal’s failure to meet the obligation.”
There are various types of bonds such as Fidelity Bonds, Public Official Bonds, Judicial Bonds, Fiduciary Bonds, License and Permit Bonds, Contract Bonds, Performance Bonds, etc. We represent several insurance companies that provide surety bonds.
Let our team help you with your bond needs. Please call our office today at 910-484-6171 for a no-obligation quote, or click here to complete a request form and we’ll get back with you as quickly as possible.