Surety Bonds

Simple, transactional bonds that do not contain contract performance guarantees. License and permit bonds, public official bonds, court bonds and miscellaneous bond obligations.

Surety-backed guarantees for project owners to indemnify for financial loss should the bonded contractor fail to meet his contract obligations. Class include bid, payment, performance, subdivision and maintenance bonds.

More commonly manuscripted as commercial crime policies, protect an organization from the impact of losses due to employee dishonesty. Broad forms for both domestic and international business operations.

Surety undertakings that fall within the commercial surety category. This surety bond class requires special underwriting expertise and often collateral management.

Commonly referred to as a “credit wrap”, a financial guarantee bond is a noncancelable contract of indemnity which supports an obligated party’s obligations under a finance agreement.