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Surety Bonds

A Surety Bond is a contract among at least three parties:

  • The Obligee, or party for whom the bond provides a guarantee.
  • The Principal, or entity (business) that will perform work under the contract.
  • The Surety, or entity (insurance company) that guarantees the performance of the Principal to the Obligee.

There are two types of Surety Bonds:

1) Contract Surety Bonds:

 Used primarily in the construction business in which The Surety (insurance company) provides a guarantee to The Obligee (owner) for the performance of The Principal (contractor) Bid Bonds, Performance Bonds, Payment Bonds & Maintenance Bonds are various sub categories of Contract Surety Bonds.

2) Commercial Surety Bonds:

There are four types, including: License & Permit Bonds, Court Bonds, Public Official Bonds & Miscellaneous Bonds.

Our agency represents many Sureties (insurance companies) who are standing by to help you with your specific Surety Bond needs Complete This Form to start this process. 

Allied Insurance Managers, INC.