Learn About Surety Bonds

Surety bonds are normally underwritten by large to medium-sized insurance companies. National insurance organizations will have specialized departments which will underwrite surety bonds for construction loans. The purpose of the surety bond is to sp...

A surety bond, which is also known as a performance bond, is issued for businesses and ensures that any obligation made to a third-party is fulfilled or said party will recover whatever is lost. Surety bonds, like most bond issues, tend to be quite l...

A surety bond is an agreement between three parties to ensure a product or service is delivered according to a contract. The three parties involved are the principal, obligee and surety. Surety bonds are most often used in the construction industry a...

Understanding surety bonds is actually a quite simple process. All a surety bond does is ensure or guarantee that some party will be paid should the financial transaction fall through. A surety bond is basically a hedge against defaulting on a loan o...

A Surety Bond is a basic term that describe some different types of Bonds. Surety bonds are sometimes mistaken for insurance. But, surety bonds are different to insurance, because of the way they work and how they are underwritten. Think of a sure...

Small business owners are faced with many of the same challenges, obstacles, and business process requirements as large corporations. They must create a business plan, forecast sales and profit, obtain proper legal advice, secure adequate business in...