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A surety bond is a promise to be liable for the debt, default, or failure of another. It is a three-party contract by which one party (the surety) guarantees the performance or obligations of a second party (the principal) to a third party (the obligee).
Find Your Bond:
Contract Bonds: Required by the State for Project Based work, including Bid or Proposal Bonds, Construction Bonds, Performance Bonds, and Supply Bonds.
License & Permit Bonds: Some businesses are required by law to purchase a surety bond before being able to operate, including health spas, liquor distributors, motor vehicle dealers, and tax professionals.
Miscellaneous Bonds: These bonds fall outside the other categories listed and include Lease Bonds, Utility Bonds, Lost Securities Bonds, and Self-insurers.
Federal Government Bonds: Some agencies of the Federal Government accept or require surety bonds in a variety of circumstances, including Immigration Bonds, Customs Bonds, and Alcoholic Beverage Bonds.
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