Surety Bonds

Surety BondsA Surety Bond is a three-party agreement whereby the surety guarantees to the obligee (the project owner) that the principal (the contractor) is capable of performing the contract in accordance with the contract documents. Performance of the contract, which is the subject of the bond, determines the rights and obligations of the surety and the obligee.

Here are the eight different families of surety bonds:

  1. Notary Bonds – Click link to apply: https://www.mybondapp.com/Lite/16619
  2. Public Official Bonds
  3. Judicial Bonds
  4. Fiduciary Bonds
  5. License and Permit Bonds
  6. Contract Bonds (Bid and Performance Bonds)
  7. Miscellaneous and Federal Bonds
  8. Fidelity Bonds
Johnson City Wofford Brothers Insurance Agency offers free, comparative quotes on surety bonds from multiple insurance carriers so you can get the best possible rate.

Want to see how much we can save you? Just request a quote to find out.

March 1st, 2017 by Johnson City Wofford Brothers Insurance Agency