Surety Bond Categories

Contract Bonds
Contract Surety Bonds are a sure way to ensure financial security and construction assurance on building or contractor projects.
Court Bonds
Court bonds generally fall into one of two categories, Judicial Bonds (Iie Bail Bonds) and Fiduciary/Probate Bonds.
Fidelity Bonds
The fidelity bond is a surety instrument that helps to protect the employer from damage or mismanagement by an employee.
Financial Bonds
Financial guarantee bonds are a necessary pre-condition for many businesses to engage in certain businesses (ie Lottery Bonds, Cigarettes, Liquor sales)
License and Permit
License and permit bonds come from federal, state, or local governments that issue them licenses for certain work activities.
Miscellaneous Bonds
The miscellaneous bonds are often used by companies who need a surety, or forfeit-to-the insurer type of contract.

Surety bonds are often used in business transactions to provide a financial guarantee that one will act according to the terms established by this contract. There is an agreement between three parties: (1) The person/business requiring supplementation through their surety bond, also known as “the principal,” who promises obedience from themselves at all times;  (2), which could either be another individual or organization looking for protection against possible damages due to breaches on behalf of said individuals’ actions while operating within its jurisdiction – called the obligee.; And lastly, there’s our trusted insurer-called the surety company, like Palmetto Surety Corporation.

Surety bonds are often used in business transactions to provide a financial guarantee that one will act according to the terms established by this contract. There is an agreement between three parties: (1) The person/business requiring supplementation through their surety bond, also known as “the principal,” who promises obedience from themselves at all times;  (2), which could either be another individual or organization looking for protection against possible damages due to breaches on behalf of said individuals’ actions while operating within its jurisdiction – called the obligee.; And lastly, there’s our trusted insurer-called the surety company, like Palmetto Surety Corporation.

Popular Online Surety Bonds

Surety bonds are an essential part of any business’s risk management strategy. Each surety bond category contains many, sometimes thousands of specific obligations and requirements that must be met in order for the company to receive liability coverage from its investors or creditors protection against Injury claims filed due to them being at fault during covered events such as accidents with other parties who may have been involved in these situations where they were not supposed on behalf of their own negligence though usually there is some formality required before this happens but what varies greatly between different types/brands, etc.,