Surety Bond

Surety Bail Bond Services
We can immediately arrange bail and write the bond. Contact us now.
www.1callbailbonds.com

Platinum Bonds: Surety Bonds
Specializing in hard-to-place, miscellaneous, performance, license, permit and surety bonds for people with low, bad or no credit, bankruptcies and low to no assets. Satisfaction guaranteed.
www.platinumbonds.com

Surety Bond
Nationwide Company Providing Bonds Call 888-518-8011.
www.Bond007.net

Surety Bond
Fast & Reliable Bail Bond Services. Qualified Bail Bondsman. Call Now.
www.AllGoodBailBonds.com

Surety Bonds: All Types License / Permit
Fast service & low rates nationwide. 1-888-2-SURETY (1-888-278-7389).
www.vikingbondservice.net

Surety Bond For All States
Surety bond All States / Credit. Surety bond Experts Here.
www.southcoastsurety.com

Classic Bail Bonds
Fast And Reliable Jail Release. Call For Free Bail Information.
www.ClassicBail.com

Contractor & Performance Bonds
California Construction & Surety Bond Specialists. Free Quotes.
www.socalinsurance.com

J R Olsen Bonds & Insurance
Low Rates, Credit - No Problem Call 1-800-452-7121 Now.
www.jrolsenbonds.com

Need a Surety Bond?
Trust the experts to quickly provide you with the Surety Bond you need, even if you've had credit problems. Performance bonds, license bonds, permit bond, court bonds and more.
www.nationssurety.com

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A surety bond is a contract among at least three parties:

The principal - the primary party who will be performing a contractual obligation
The obligee - the party who is the recipient of the obligation, and
The surety - who ensures that the principal's obligations will be performed.

Through this agreement, the surety agrees to uphold - for the benefit of the obligee - the contractual promises (obligations) made by the principal if the principal fails to uphold its promises to the obligee. The contract is formed so as to induce the obligee to contract with the principal, i.e., to demonstrate the credibility of the principal and guarantee performance and completion per the terms of the agreement.

There are two main categories of bond types: contract bonds and commercial bonds. Contract bonds guarantee a specific contract. Examples include performance, bid, supply, maintenance and subdivision bonds. Commercial bonds guarantee per the terms of the bond form. Examples include license & permit, union bonds, etc.

Suretyship bonds originated hundreds of years ago as a mechanism through which trade over long distance could be encouraged. They are frequently used in the construction industry: in order to obtain a contract to build the project, the general contractor (and often the sub-contractors as well) must provide the owner a bond for its performance of the terms of the contract. Conversely, owners and contractors may also provide payment bonds to ensure that subcontractors and suppliers are paid for work done. Under the Miller Act, payment and performance bonds are required for general contractors on all U.S. federal government construction projects where the contract price exceeds $100,000.00.

Surety bonds are also used in other situations, for example, to secure the proper performance of fiduciary duties by persons in positions of private or public trust.

A key term in nearly every surety bond is the penal sum. This is a specified amount of money which is the maximum amount that the surety will be required to pay in the event of the principal's default. This allows the surety to assess the risk involved in giving the bond; the premium charged is determined accordingly.

If the principal defaults and the surety turns out to be insolvency, the purpose of the bond is rendered nugatory. Thus, the surety on a bond is usually an insurance company whose solvency is verified by private audit, governmental regulation, or both.

The principal will pay a premium (usually annually) in exchange for the bonding company's financial strength to extend surety credit. In the event of a claim, the surety will investigate it. If it turns out to be a valid claim, the surety will pay it and then turn to the principal for reimbursement of the amount paid on the claim and any legal fees incurred.

A bail bond is a type of surety bond used to secure the release from custody of a person charged with a criminal offense. Under such a contract, the principal is the accused, the obligee is the government, and the surety is the bail bondsman.

Examples of Surety Bonds:

Bid Bond
Performance Bond
Advance Payment Bond
Retention Payment Bond
Maintenance Bond
Contractor License and Permit
Court
Customs
Lost security (finance)
Money Transmitters
Mortgage brokers
Motor Vehicle Dealers
Patient Trust Funds
Probate
Public official
Tax bonds
Telemarketing
Country subdivision
Utility deposit
Wage and Welfare/Fringe Benefit (Trade union)
Public Warehouse
Supply bonds

Online Transaction Supply Bonds

Self–Insured Workers compensation
Insurance Company Qualifying
Reclamation

Examples of fidelity bonds:

ERISA
Business Service Bonds
Public Official
Manufacturers
Small Businesses
Non-Profit Organizations
Real Estate Managers
Title Agents
Financial institutions
Precious Metal Exposures
Armored Car