Different than insurance, a surety bond is designed to guarantee a business or individual's integrity and honesty, performance and financial responsibility. As well as compliance with local, state or federal licensing /permit requirements or contractual obligations.
Types of surety bonds
Surety bonds can be required for different types of contracts. The two most common types of surety bonds are contract surety bonds and commercial surety bonds.
Some examples of Surety Bonds:
*Event Venues to ensure organizers fulfill their contractual obligations
*Sports Venues/Events for vendors and service providers operating in stadium or sports complexes
*Temporary Event Venues such as a fair, exhibition or concert may require
* Contractors obtaining a contractor bond or bid bond is often a requirement
* Court Bond such as guardianship and administrator bonds used in legal proceedings.
Affiliated Insurance Solutions
4601 Pennsylvania Ave. Charleston, WV. 25302
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.