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Contract Surety

A surety bond is a form of financial credit. This is also known as a bond guarantee. The transaction always involves three parties: the obligee, the Principal, and the surety. A surety bond protects the obligee (the party to whom the bond is paid to in the event of a default) against losses, up to the bond's limit, resulting from the Principal's (the party with the guaranteed obligation) failure to perform its obligation. The surety, for example, an insurance company, assumes the obligation of the Principal when failed.

A surety bond protects the obligee against losses, up to the bond's limit, resulting from the Principal's failure to perform its obligation or undertaking. Unlike insurance, a loss paid under a surety bond is fully recoverable from the Principal.

Our experienced surety specialists will clearly and honestly communicate, providing extensive knowledge, customized solutions, and superior customer service – delivering value beyond the surety bonds we provide. 

Please note: This message is not intended to create any legally binding agreement. The insurer reserves all rights to request additional information or ask further questions as it deems necessary to conduct a full review.

Construction Bond


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