AllSuretyBonds

Hello AllsuretyBonds here! I would love to share all my knowledge of everything BONDS! Surety bonds, while issued by an insurance company, are not insurance. A bond is a third party contractual obligation between the surety, the principal, and the obligee. It is an obligation by the surety to provide financial benefit to the obligee (the entity to whom the bond is issued) on behalf of the principal (this is you. . . the party responsible for completion of the obligation established by the bond). The bond ensures that the conditions or award of money damages will be fulfilled