If you are doing business in Georgia, chances are you will eventually have to get some type of surety bond. From private businesses to federal projects, surety bonds are often required to take on certain projects. In Federal or State projects, the bonds are put into place to protect the State’s and the public’s interests. Continue reading Surety Bonds in Georgia →

People often make the mistake of comparing companies that issue surety bonds with insurance companies. While both entities provide security and financial coverage to individuals/organizations, they differ greatly. Continue reading The Main Differences Between a Surety Bond and an Insurance Plan →

A surety bond is a promise by the surety company to pay the obligee a pre-decided amount of money if the principal fails to meet a certain obligation. The principal is the person who buys the bond from the surety company and must have a bond to do some type of work with the obligee. Continue reading What You Need to Know About Surety Bonds in Florida →

The purpose of a surety bond is to provide security to a third party against any losses. These are usually required to ensure that the principal (the person/company/agency buying the bond) does not behave in any unethical manner or not hold up their obligations within a contract. There are many types of surety bonds, but four common types are: Continue reading Different Types of Surety Bonds →

Being selected to work on a construction project is highly competitive. Project owners want to make sure they choose the best suited contractor that can complete their project on time and the right way. To protect their investment, project owners will require contractors to get a surety bond before being chosen to complete the project. Continue reading How to Choose the Right Surety Company →