The modern surety marketplace.








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Surety bonds are a three-party contract. You, the principal, are the purchaser of the bond. The obligee — who needs the service or work — is the one asking you to purchase the bond. The insurance company, or surety, backs this contract financially. You pay a small percentage of the bond amount as a yearly premium to the bonding company to compensate the surety for the risk, and the surety provides a guarantee to the obligee for the performance of your work. Surety bonds and insurance are different: insurance policies protect you or your business, while bonds protect the interests of the general public, your customers, and government authorities.