A Surety bond is a financial instrument that bind three parties together.
- Principal: The business or individual that maintains the bond. A credit check is usually required and/or collateral in some cases.
- Obligee: The agency ( State, City or County) that requires the principal to purchase the bond.
- Surety: The agency (company) that issues the bond and backs the principal of the bond.
Give our office a call at (877) 473-7979 for more info or to apply.