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Surety Bonds

A surety bond is required for many types of businesses across the country. It is essentially a three-party agreement:
  1. A business considered the surety (The Surety Group Agency, LLC),
  2. The person (you) that is being bonded, called the principal
  3. The third party, called the obligee (the person the principal is doing business with.)
To know which type of surety bond you need, you must understand the bond requirement, the bond form and any regulations for the surety bond. The Surety Group does not expect you to have this knowledge. With over 30 years of experience writing surety bonds, we know what to do to get you the best rate, quickly.

We classify our surety bonds three ways on our website: Commercial Surety Bonds, Court Surety Bonds and Contract Surety Bonds. If you are unsure which class you belong to, simply press Apply Now and we'll do the rest.

Contract Bonds: A Contract Bond is a surety bond that deals with construction. Usually, before you can bid on a project, the company accepting the bid requires you to be bonded. There is no limit or minimum requirement for obtaining a construction surety bond or a bid bond.
Learn more about contract bonds

Court Bonds:: A Court Bond is a surety bond required by a court. They protect individuals from loss based upon the results of court proceedings.
Learn more about court bonds.

Commercial Bonds: A commercial bond is classified as any bond not required by the court or the construction industry. Examples of these bonds are the Auto Dealer Bond and the Mortgage Dealer Surety Bond.
Learn more about commercial bonds
Surety Bond News
7/6/2011: Used Car Prices Skyrocket
Compact and Fuel Efficient Cars Lead... Read More
6/28/2011: Contract Bonding Questions Answered
Answers to some common questions.... Read More
6/13/2011: Understanding the SBA Surety Bond Guarantee Program
A comprehensive explanation of the SBA program for federal contractors... Read More
5/12/2011: An Overview of Contract Surety
Sam Newberry, president of The Surety Group, explains contract surety for new contractors... Read More
5/10/2011: DME Surety Bonds
A DME bond is a Durable Medical Equipment Bond that has been approved and signed into law by the federal government.... Read More
5/2/2011: Delay in Expansion of Centers for Medicare and Medicaid Services’ Competitive Bidding Program
Competitive Bidding ProgramThe Centers for Medicaid and Medicare Services’ (CMS) decided to delay the start date of the second round of its competitive bidding program for durable medical equipment for six months until the summer of 2013... Read More
5/2/2011: Strong Growth Projected for DMEs
Durable medical equipment (DME) includes instruments and products used primarily to improve the quality of life of patients with injuries or illnesses.... Read More
3/23/2011: Surety Group Waives Spousal Indemnity For Florida Auto Dealers
The Surety Group Agency, LLC, is waiving its spousal indemnity and collateral requirements for Florida Auto Dealers who must renew their auto dealer bond by April 31st.... Read More
3/16/2011: Mohave Countys First Renewable Energy Project Underway
Mohave County's first renewable energy project is now under construction in Kingman.... Read More
3/2/2011: Florida Auto Dealer Bond Deadline Extended to May 10th.
The Surety Group is extending the April 30th deadline to apply for a Florida Vehicle Dealer Surety Bond for 10 days. Dealers can apply on May 9th and have a bond delivered on the 10th.... Read More

 
 
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