A surety bond is a contract among at least three parties. A surety bond is generally issued by an entity on behalf of a second party, guaranteeing that the second party will fulfill an obligation or series of obligations to a third party. In the event that the obligations are not met, the third party will recover its losses via the bond. Through the surety bond, the surety company agrees to uphold the obligations or contractual agreements made by the principal, if that principal fails to do so. The principal will generally pay a premium for the surety bond in exchange for the surety company’s financial strength behind the bond.
Surety bonds are often mistakenly referred to as surity bonds or security bonds. There are many different types of surety bonds. Contract bonds, or construction bonds, can provide financial protection in the event that a particular job is not performed as desired. Commercial, or license and permit bonds are usually required by a state, county or city and guarantee that the provisions of applicable codes and laws that apply to particular activities will be followed. Below is a list of some of the most commonly requested surety bonds.
- Actors bonds
- Adjuster bonds
- Appraiser bonds
- Auction bonds
- Auctioneers bonds
- Auto Dealer bonds
- Auto Manufacturer bonds
- Auto Title bonds
- Bid Bonds
- Billboards bonds
- Care Facility bonds
- Certificate of Title bonds
- Collection Agency bonds
- Contract bonds
- Contract Bid bonds
- Contract Performance bonds
- Contract Payment bonds
- Contractor License bonds
- Court Bonds
- Customs Bonds
- Defective title bonds
- Deferred Deposit bonds
- DME bonds
- DMEPOS Medicare bonds
- Employee Dishonesty bonds
- Employment Agency bonds
- ERISA bonds
- Escrow Agents bonds
- Escrow Company bonds
- Farm Products Broker bonds
- Fidelity bonds
- Fringe Benefit Surety bonds
- Games of Chance bonds
- Immigration Assistant NY bonds
- Immigration Consultant CA bonds
- Insurance Adjuster bonds
- Insurance Agent bonds
- Insurance Producer bonds
- Insurance Broker bonds
- Janitorial bonds
- LDA bonds
- Legal Document Assistant bonds
- License (Misc) bonds
- Liquor License & Permit bonds
- Lost Securities Surety bonds
- Lost Trust Deed bonds
- Maintenance Contract bonds
- Medicare bonds
- Money Transmitter bonds
- Money Transmitters Surety bonds
- Mortgage Lender bonds
- Motorcycle Dealer bonds
- Mortgage Broker Surety bonds
- Motor Vehicle Dealers Surety bonds
- Notary Public bonds
- Notary Public E&O
- Notary Public Surety Bonds
- Notary Signing Agent E&O
- Payment Surety Bonds
- Pension bonds
- Performance Surety bonds
- Permit (Misc) bonds
- Pet Sitting Fidelity bonds
- Pharmaceutical bonds
- Photocopiers CA bonds
- Plumbing Contractor bonds
- Postal Contract Station bonds
- Private School bonds
- Private Sewage Disposal bonds
- Private Water Systems bonds
- Process Server bonds
- Property Broker bonds
- Public Adjuster bonds
- Public Official bonds
- Roofing Contractor bonds
- SAG bonds
- Sales Tax bonds
- School Bus Driver bonds
- Screen Actors Guild bonds
- Talent Agency bonds
- Tax Preparers E & O bonds
- Tax Preparer bonds – California
- Transportation Broker bonds
- Unlawful Detainer Assistant bonds
- Utility Deposit bonds
- Public Official Bonds
- Sales Tax Bonds
- Supply Contract Bonds
- Union Surety Bonds
- Utility Deposit Surety Bonds
- Vehicle Registration Service bonds
- VIN Verifier bonds
- Wholesale Auto Dealer bonds
- Wage and Welfare Surety Bonds
- Other
