Bonding
There are several different types of bonds available for numerous different reasons. Bonds can be necessary for both commercial and personal needs. A surety bond is a promise to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation. There are Surety Bonds which guarantee the performance of a contract or Fidelity Bonds which protect against the dishonesty of an employee. Here are just some of the different types of bonds:
Miscellaneous Surety Bonds:
- License & Permit
- Miscellaneous
- Court/Fiduciary (Probate)
- Public Official (Notary)
- Sweepstakes
- Utility
- Mortgage Broker/Lender
- Motor Vehicle
- Telemarketing
- Collection Agency
- Sales Tax
Fidelity Bonds:
- ERISA
- Commercial Crime
- Crime Protection
- Business Services