The Latest from Our Blog

What kinds of surety bonds are there?

Surety bonds are a financial guarantee between three parties in a legally binding contract. These three parties are the obligee, the principal, and the surety. In essence, the surety guarantees payment of a specified maximum sum or compensation in case the obligee incurs any damages or loss caused by the actions (or a failure to […]

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What is an indemnity bond?

An indemnity bond assures the holder of the bond, that they will be duly compensated in case of a possible loss. This bond is an agreement that protects the lender from loss if the borrower defaults on a legally binding loan.  If the principal fails to fulfill the contractual obligations (agreed upon by the obligee […]

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The Benefits of Insurance Agent and Surety Bond Producer Relationships

When it comes to surety bonds, insurance agents can encounter several hurdles.  These can range from problems obtaining bonds, slow service or uncompetitive rates.  In order to remedy this, insurance agents have two options.  They can outsource their bonding business to another insurance company, with a sub-specialty in surety bonds, or develop a relationship with a surety bond […]

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How Much Does A Surety Bond Cost?

The surety bond process can be overwhelming and confusing for newcomers. That’s why it’s important to have someone in your corner with knowledge and expertise about surety bonds. At Surety Bond Professionals, our expert agents are here to help. Many people have asked us, “How much does a surety bond cost? And what factors are […]

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Guardianship Bonds – Apply Now

A guardianship bond is when a court appoints a person (the guardian) to take care of the affairs of another person (known as the ward). The guardian is entrusted with taking care of the ward’s personal and financial affairs. Sadly, this does not always happen.  One sometimes hears of cases where a guardian abuses their power […]

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