Why do Surety Bonds require Indemnity Agreements?
If you are working on getting a surety bond, you will likely be asked to sign an indemnity agreement. The surety requires that the obligee pay the surety back from loss.
How is a surety bond like a loan?
How is a surety bond like a loan? When qualifying for a surety bond, for many, the surety will run your credit report to find a financial responsibility score.
Nonstatutory Bonds
With Nonstatutory bonds, private sector entities require a bond be obtained. They could be a private business or even an individual.
Statutory Bonds
Statutory Bonds are surety bonds that are being required by municipal ordinance, federal/state regulation or statute.
Transfer Risk with Surety Bonds
People, businesses and governmental entities transfer risk with surety bonds. Seaman’s Insurance Group is your premier boutique independent surety bond and insurance agency.
URGENT CYBER BULLETIN – IMMINENT RANSOMWARE THREAT
URGENT CYBER BULLETIN – IMMINENT RANSOMWARE THREAT
Basics of Surety Bonds
Basics of Surety Bonds: A Surety Bond is a risk transfer tool. Risk managers use surety to handle some potential loss exposures. Contact us today!
Who Needs a Surety Bond?
Who Needs a Surety Bond? Who needs a surety bond? Surety Bonds, like insurance are needed by both businesses and people for a myriad of reasons. Like insurance, there is a plethora of reasons why someone or a business may need a surety bond. Who Needs a Surety Bond...
What is Surety? Defined
What is Surety? Defined What is Surety? Defined: Surety is a guarantee that an undertaking will be completed. Surety in other words is a bond or instrument of credit. What is a Surety What is a Surety? A Surety is one that becomes legally liable for the...
What is a Surety Bond?
What is a Surety Bond? What is a Surety Bond? A bond brings 3 parties into a contract with each other. Those parties are: The Principal (most likely this is you and you have been asked to get a bond by the); Obligee, the party that is requiring the principal to obtain...
