A surety bond is a contract among three parties: the obligee (the entity that requires the bond), the principal (the individual or business that purchases the bond to guarantee future work performance), and the surety (the insurance company that backs the bond). Through a surety bond the surety guarantees to the project owner (obligee) that the principal or the contractor is able to perform the duties of the contractual obligation.

These are the different types of surety bonds and we help you with all of them: Contract bonds, judicial bonds, public official bonds, fidelity bonds, fiduciary bonds, license and permit bonds, federal bonds, notary bonds, etc.

There are two most common types of surety bonds:

Contract Surety Bonds:

 This is a bond that the government or an owner of a construction project may require a contractor to obtain.

Commercial Surety Bonds:

These bonds are usually mandated by government agencies and are generally used to protect public interests.

Coastal Insurance is a complete hub for all types of surety bonds.

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