Do I get my premium back if I don’t use the bond
No. The premium is a non-refundable fee for the surety [...]
What happens if a claim is made against my bond?
If the obligee files a valid claim and the principal [...]
How much does a surety bond cost?
Bond premiums typically range from 1% to 10% of [...]
How is a surety bond different from insurance?
Insurance protects the policyholder, while a surety bond protects [...]
Who needs a surety bond?
Surety bonds are often required for: Contractors working on [...]
What is a surety bond?
A surety bond is a legally binding agreement between [...]
