Commercial Surety Bond
A Commercial Surety Bond guarantees fiduciary obligations, governmental legislation, and private contractual obligations between two contracted parties are met.
Often, government authorities, as well as some types of businesses, require that this type of insurance (bonds) are posted before the principal is granted licence to engage in the activities regulated by them.
It’s a simple idea. The principal is motivated to honour their commitments, or risk losing the money they have represented by the bond.
Commercial Surety Bonds protect the obligee (the individual or company that is the recipient of the obligation) from an array of risk including fraud, misrepresentation, and monetary loss.
Whatever your specific bonding needs, we’ll take the time to understand your unique position in the marketplace, and look at creative ways to use your resources for success. We can also provide access to lending markets to make bonding feasible for you.
Call us to explore the options available, and to build a bonding package that works for you.