The infographic,“Common Questions About Surety Bonds in Florida,” clarifies information surrounding surety bonds. A surety bond is an agreement between three parties. It’s a promise that the guarantor will pay the obligee a certain amount if the principal fails to meet their obligation.
First, you must determine which bond you need if you are a contractor ready to bid on a project. Surety bonds can be issued from an approved surety agency that is licensed in your state. Once you are ready to get the surety bond, choose the kind of bond you need and its amount.
The cost of the surety bond depends on many factors, including your job title and where you work. To learn more, refer to the infographic below.
,” clarifies information surrounding surety bonds. A surety bond is an agreement between three parties. It’s a promise that the guarantor will pay the obligee a certain amount if the principal fails to meet their obligation.
First, you must determine which bond you need if you are a contractor ready to bid on a project. Surety bonds can be issued from an approved surety agency that is licensed in your state. Once you are ready to get the surety bond, choose the kind of bond you need and its amount.
The cost of the surety bond depends on many factors, including your job title and where you work. To learn more, refer to the infographic below.
