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Why We Are
The Best
Surety Bond Company

Palmetto Surety Corporation has offered all types of surety bonds since 2003 as a surety bonds insurance company. It has extensive experience in different industries and businesses as one of the leading Surety bond producers to licensed businesses to meet obligations of the local governments and guarantee performance or guarantee performance.

We offer all types of surety bonds, contractor license bonds, court bonds, license and permit bonds, contract surety bonds, A bid bond, Construction Contract Bond,  A performance bond, A Payment Bond, A maintenance bond, auto dealer bonds, public official bonds, commercial bonds, Fidelity Bonds, as well as custom commercial surety underwriting, even for government contracts. Buying either a surety bond or a bail bond online is now easy, quick, and affordable.

Select, Buy, Print Your Surety Bond

We simplify the process of obtaining Surety Bonds by significantly reducing underwriting times with our state-of-the-art underwriting platform. This makes getting Surety Bonds hassle-free, allowing customers to focus on their operations.

Surety bond underwriting

Why Palmetto Surety Corporation?

What We are Doing Better:

Technology 96%
Customer Support 98%
Surety Bonds Underwriting 93%
Advancement of the Industry 100%
Palmetto Portal 97%
Quick Surety Bonds Approvals 95%

Our three steps to Surety Bond success

We Help You Every Step

1 - Technology

Discover the future of Surety Bonds with Palmetto Surety Corporation. Our cutting-edge technology allows you to purchase, print, and manage any Surety Bond with ease.

Experience a hassle-free and efficient way to secure your business today with Surety Bonds from Palmetto Surety Corporation.

2 - Support

At Palmetto Surety Corporation, our 24/7 dedicated support team works tirelessly to ensure that our agents, consumers, and commercial surety bond clients receive the best possible service at all times.

You can trust us to go above and beyond to meet your surety bond needs and exceed your expectations.

3 - Underwriting

Our platform can handle complex contract surety bonds and performance bonds applications with ease. Our experts can navigate surety bond uncertainties and unique requirements to provide efficient service. You can trust us to handle your surety bonds application with care and attention to detail.

We Are Palmetto Surety Corporation:

Scott Willis

President /CEO

Scott Willis

Email

Colleen Handy

Chief Financial Officer

Colleen Handy

Email

Donald F. Mescia III

Chief Operating Officer

Donnie Mescia

Email

Palmetto Surety FAQ:

WHO IS PALMETTO SURETY CORPORATION?

Palmetto Surety Corporation is the best for providing surety bond insurance, bail bonds, and bail bonding services. Various state Departments of Insurance license our surety company and have have been for over 20 years. We are headquartered in Charleston, SC. Our extensive Surety Bonds experience has given us the confidence to assert ourselves as "The Surety Experts" in the commercial surety bond and bail bond industries.

WHAT Is A SURETY BOND?

A surety bond is an agreement between three parties - Principal, Obligee, and Surety Company (typically an insurance company). Surety Bonds Provide for and ensure that the contract's obligations are fulfilled and protect against financial loss due to non-performance or fraudulence if the principal fails to uphold it's obligations. Surety bonds do not cover damages or injuries caused by carelessness. The principal is legally bound to fulfill the contract of the surety bond, while the surety agreement Obligee benefits from it. The surety company guarantees the principal's commitments. Certain bail bond work may require additional parties and qualifications. The bail amount or surety bond is not insurance and promises to meet contractual financial obligations.

WHY DO I NEED A SURETY BOND?

Commercial Surety bonds are essential in the legal profession and various business sectors for multiple reasons, including ensuring attendance at court hearings, meeting licensing criteria, establishing new businesses, and fulfilling general contractor obligations. Surety bonds safeguard all through a legally bonding agreement between involved parties, offering protection and ensuring compliance with agreed-upon terms. They act as a financial guarantee that one party or the bonded party will adhere to legal and contractual obligations, thereby mitigating risk and enhancing trust among all parties involved.

BENEFITS OF SURETY BONDS

Surety bonds are essential for any business or construction project. A surety bond guarantees, protects and provides financial security, increased trust, motivation for quality work, risk reduction, better budget control, and higher competitiveness for construction projects.

Types of Surety Bonds

Surety bonds come in many forms to suit different needs. Let's explore the different types of bonds available:Agricultural Bonds, Alcoholic Beverage Bond, Appeal Bond, Auto Dealer Bond, Bid Bond, Citrus Bond, Collection Agency Bond, Contractor License Bond, Court Bonds, Contract Surety Bond, Dealer Bonds, ERISA Bond, Executor Bond, Fidelity Bonds, Fiduciary Bond, Fuel Tax Bond, General Contractor Bond, Insurance Broker Bond, License and Permit Bond, Mechanical Contractor Bond, Miscellaneous Bond, Mortgage broker Bond, Motor Vehicle Dealer Bond, Performance bond, Post Conviction Bond, Payment Bonds, Probate Bonds, Public Official Bond, Tax Collector Bond, and Tobacco Tax bonds

The Process of Obtaining A Surety Bond

Obtaining a surety bond can be a straightforward process with Palmetto Surety Corporation. Begin by identifying the specific type of bond you require. Next, navigate to SuretyBonds.co and use the search function to locate your desired bond by entering its name and selecting your state. Once you find the bond required, click on the "Get a Quote" button to see the application's price. Confidently complete the bond application and choose to pay online for instant approval, or opt for underwriting if necessary. After successful underwriting, you can confidently move to the final step, where you'll Docusign and download your officially signed and sealed bond in color.

WHAT INDUSTRIES DOES PALMETTO SURETY CORPORATION SERVE?

Palmetto Surety Corporation provides a range of surety services to different industries such as the construction industry, manufacturing, transportation, and healthcare. Our experts are available to assist you in finding the right kind of surety bond for your specific needs. We offer various bonds including bail bonds, court bonds, ERISA bonds, license bonds, license and permit bonds, permit bonds, and contract bonds, among others. We have experience in handling even the most miscellaneous bonds.

WHO IS SURETY BONDS CO.?

Surety Bonds Co. is Palmetto Surety Corporations’ Commercial surety bond division.

What are the risks of surety bonds?

Surety bonds, while essential for ensuring contractual compliance, carry risks for both the principal and the surety. Principals face financial risks if they fail to meet their obligations, leading to potential claims that can be costly and damage their reputation. The process of resolving claims can also be time-consuming and expensive. For sureties, the main risk lies in the underwriting process, where misjudging a principal's reliability can lead to financial losses. Market and legal changes can further complicate the bond's terms, and the surety's risk is closely linked to the principal's financial stability. Both parties must carefully manage these risks to maintain the bond's protective purpose.

What does a surety bond guarantee?

A surety bond is a financial instrument involving three parties—the principal, the obligee, and the surety—that ensures the fulfillment of a contract or obligation. It acts as a safety net for the obligee by guaranteeing that the principal will perform the contracted work or services to the agreed standards, pay all subcontractors, suppliers, and laborers, and comply with relevant laws and regulations. Should the principal fail to meet these obligations, the surety bond provides financial compensation to the obligee for losses incurred, up to the bond's total value. Following such a payout, the surety has the right to recover the costs from the principal, ensuring that the obligations are ultimately met.

Palmetto Surety Corporation is a leading provider of surety bonds, offering a comprehensive range of surety bonds to meet the diverse needs of its small business clients. The company’s cutting-edge technology provides a seamless and efficient process for obtaining surety bonds, from business license and permit bonds to  contractor license bonds to court bonds and contract surety bonds. With Palmetto Surety, it’s easy, quick, and affordable for small businesses to secure their necessary bonds online, ensuring compliance with local government agency obligations and guaranteeing performance.

Palmetto Surety’s platform explains the essence of a surety bond, highlighting its role as a tripartite agreement that safeguards the interests of the obligee by ensuring the principal fulfills their contractual obligations. This fundamental understanding is crucial for businesses in various sectors, emphasizing the importance of surety bonds in mitigating risks, enhancing trust, and ensuring project completion to the agreed standards. With Palmetto Surety’s expertise and innovative approach to the surety bond market, businesses can confidently navigate the complexities of surety bonds with confidence and ease and exemplary support and service.