Everyone needing a surety bond wants a reliable and reputable surety bond company. There are many surety bond agencies with good online presence, but to find out the most reliable surety bond agency, one should consider the following things: Continue reading How to choose the best Surety Bond Company
A surety bond involves three parties: the principal (the person who has won the project contract), the obligee (person who is the owner of the project) and the surety (the surety bond Company who provides the surety). The principal assures that they will fulfill and complete the project requirement on time with accordance to the contract. The surety bonds specifically used in construction are called construction surety bonds.
People often get confused between a contract surety bond and traditional insurance policies. Although both surety bonds are oftentimes offered by insurance companies and are regulated by state insurance departments, insurance and sureties are used for different purposes. These are the primary distinctions between the two: Continue reading Differences between a Contract Surety Bond and a Traditional Insurance Policy
A surety bond is a written agreement between three parties: the principal, the obligee and the surety. Below are three of the most popular types of surety bonds in Georgia: Continue reading Three Popular Types of Surety Bonds
A Performance Bond is a written assurance that the project will be completed as per the terms of the contract. The parties involved in this type of bond include: Continue reading A Guide about How Performance Bond Works