Protect Yourself by Getting a Surety Bond
A surety bond—also known as a three-party agreement—is designed to help protect one individual or entity from potential financial loss. Essentially, one party agrees to pay another should they not meet certain obligations, with a third party being the provider of the bond. Two broad types of bonds exist: contract and commercial. A contract bond is primarily used for contractors and ensures that construction projects are completed correctly; commercial bonds are designed to protect the public and may be required in many businesses.
Contract surety bonds can include the following:
- Bid Bonds
- Performance Bonds
- Payment Bonds
- Warranty Bonds
Commercial surety bonds can include:
- License and Permit Bonds
- Court Bonds
- Fiduciary Bonds
- Public Official Bonds
- Miscellaneous Bonds
At Toni DuBois Agency, LLC, we can provide you with surety bonds to give you peace of mind. Consider calling us today to learn more about how we can assist you.
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