A surety bond is a three-party agreement that legally binds together a principal, an obligee, and a surety company.
The surety provides a guarantee to the obligee that the principal will fulfill their obligations. A principal’s obligations could mean complying with State laws and regulations pertaining to a specific business license, or meeting the terms of a construction contract.
Because of this guarantee, many surety bonds require good financial strength and credit of the principal. Our experienced team will help to facilitate the relationship between you and the surety company.
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Insurance can be complicated. Have one of our experts to help you. If business hours (9:00 am to 5:00 pm, Monday to Friday), call us to our office phone number (801) 226-0606 and talk to an insurance expert. For after hours, please fill the form and we will contact you as soon as possible.