IN: What Is A Surety Bond?

Dear Valued Customer,

A surety bond is a written agreement between a Surety Company and the Contractor, or Principal that helps protect the project owner, or Obligee, in the event the Contractor fails to successfully perform the contract. If the Contractor fails to perform, the Surety Company assists the Obligee in completing the contract.

This issue of “—————” is focused on explaining the “ins and outs” of surety bonds and how they can protect you’re your customer and your employees.

We appreciate your continued business and look forward to serving you.

Respectfully yours,