Surety Bonds 101 - The Principal

  • Also known as the Contractor, The Indemnitor, The Developer, The Business Owner…
  • This is the ultimate responsible party that will make the surety company whole in the event that we pay out a bond claim.
  • This party signs the Indemnity Agreement guaranteeing that they will hold us harmless, which means they will repay all of our expenditures that were made on their behalf.