Surety bonds can be confusing, especially if this is your first time being asked to purchase one. Our Learning Center is here to make the process easier to understand.

A surety bond is a three-party agreement between the principal, the person or business required to get the bond; the obligee, the party requiring the bond; and the surety, the company that backs the bond. The bond helps guarantee that certain legal, financial, or contractual obligations will be fulfilled.

Many businesses need surety bonds to meet licensing requirements, qualify for contracts, or provide assurance that work or obligations will be completed as required.

We are also building a definitions section to explain common surety bond terms in plain language.