A Surety Bond is a contract guaranteeing the performance of a specific obligation. Simply put, it is a three-party agreement under which one party, the surety company, answers to a second party, the owner, for a third party’s debts, default, or non-performance.
Contractors are often required to purchase surety bonds if they are working on public and private projects. The surety company becomes responsible for paying for a loss up to the bond “penalty” if the contractor fails to perform.
Surety Bond TypesThe following table lists a sample of surety bonds that TRC can obtain for your business operations.
- Bid Bonds
- License and Permit Bonds
- Claim and Delivery Bond
- Detective Agency Bond
- Appeal Bonds
- Executor Bond
- Securities Dealer Bond
- Maintenance Bonds
- Defective Title Bond
- Process Servers Bond
- Lost Instrument or Securities Bond
- Release of Mechanics Lien Bonds
- Commercial Performance Bonds for Service Industries
- Performance Bonds
- Fiduciary Bonds
- Replevin Bond
- Self-Insurers Bond
- Auto Dealers Bonds
- Contract Bonds (All Types)
- ERISA Bond
- Injunction Bond
- Liquor License Bond
- Mileage Tax Bond
- Transportation Brokers (ICC Broker Bonds)
- Business Services/Janitorial Employee Dishonesty Bond
- Bankruptcy – Trustee or Receiver
- Utility Bonds
- Fidelity Bonds
- Public Officials
- Collection Agency Bonds
- Escrow Agent Bond
- Probate Bond
- Real Estate and Brokers Bond
- Sales Tax Bond
- Subdivision Bond
- Notary Public Bond
- Mortgage Broker/Banker Bonds
- User of Motor Vehicle Fuel Bond
The Right Choice Insurance Agency has the specialized knowledge needed for recommending the best Surety Bonds. With more than 65 years of experience and access to products from over 50 insurance companies and specialty programs, trust The Right Choice Insurance Agency for all your Surety Bonds!
Make The Right Choice Insurance Agency your go-to business insurance broker. Click here to get a quote today or call us at 602.635.1567 and find out why so many people switch to The Right Choice Insurance Agency!
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