Bonding

There are several different types of bonds available for numerous different reasons. Bonds can be necessary for both commercial and personal needs. A surety bond is a promise to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation. There are Surety Bonds which guarantee the performance of a contract or Fidelity Bonds which protect against the dishonesty of an employee. Here are just some of the different types of bonds:

Miscellaneous Surety Bonds:

  • License & Permit
  • Miscellaneous
  • Court/Fiduciary (Probate)
  • Public Official (Notary)
  • Sweepstakes
  • Utility
  • Mortgage Broker/Lender
  • Motor Vehicle
  • Telemarketing
  • Collection Agency
  • Sales Tax

Fidelity Bonds:

  • ERISA
  • Commercial Crime
  • Crime Protection
  • Business Services

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