# Surety Bonds 101 - The Principal

Source: https://a1suretybonds.com/learning-center/the-principal

- Also known as the [Contractor](http://a1suretybonds.com/surety-bonds/subcontractor), 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.

[The Parties](https://a1suretybonds.com/learning-center/the-parties)

[The Surety Company & The Surety Bond](https://a1suretybonds.com/learning-center/the-surety-company-and-bond)

Surety Bonds 101 - The Principal

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A1 Surety Bonds (The Surety Syndicate, LLC), a nationwide surety bond agency · (800) 737-4880 · info@a1suretybonds.com · https://a1suretybonds.com
Requirements are set by each state or agency and can change; the obligee's current instructions and the law control.