Surety Bonds 101 - The Parties

Practical surety bond guidance, plain-language answers, and a fast path to a quote when you are ready.

  • The Principal
    • The Principal is the party responsible for the fulfillment of the obligation described in the bond.
  • Who is the Surety?
    • The Surety, typically an insurance company, is the party that guarantees the underlying obligation in the event of a default by the principal.
  • Who is the Obligee?
    • The Obligee is the beneficiary of the bond