Who Are The Parties That Make Up A Surety Bond?
The three parties to a surety contract are the surety company, the principal, and the obligee. Our first party is the Surety. In the United States, corporate surety companies are typically insurance companies. They underwrite the principal and obligation to see if the...
Why Don’t More Insurance Agents Sell Surety Bonds?
Assume you are an insurance producer, and your primary focus is selling insurance products. When you get a call from a client about a surety bond, it may cause a panic. Surety bonds are so different from insurance that many insurance producers surrender, and don’t...
Happy Thanksgiving
Happy Thanksgiving! We will be closing early on Wednesday, November 24th, and will return to the office on Monday, the 29th. In lieu of our annual Thanksgiving cards, we will be donating those funds to Lifelong on November 30th during their #GivingTuesday event,...
We visited the Job Site of Washington State Convention Center!
Last week, Integrity Surety’s Kara Skinner had the opportunity, along with the National Association of Women In Construction, to tour the new Washington State Convention Center construction site and see some of the work of our clients and other talented contractors....
Attn: Washington Plumbers! Last-Minute Reminder to Update your L&I Licensing, get new Washington Plumbing Bond
8/31/2021 - REMINDER! Tomorrow, 9/1/2021 is the deadline to revise your Contractors License as necessary and provide new bond(s). Please call us at (206)546-1397 with any questions! 6/23/2021 - UPDATE: We are told that existing licensees will have until 9/1/2021 to...
Virtual professional development series this fall! From Assoc. Builders & Contractors
Integrity Surety is proud to be sponsoring Associated Builders and Contractors’ Virtual Professional Development Series. The class will focus on developing skills such as leadership, organization, and other necessary skills to strengthen your role in the construction...
Easy-to-purchase Kit for Notaries Public!
Integrity Surety has streamlined the Notary Bond Kit webpage for Washington, Utah, Idaho, California, and Alaska, making it easier than ever to apply and pay for and your Notary Bond Kit. Our kit includes your state-mandated Surety Bond and Notary ink-stamp/seal,...
The Importance of a Strong Surety Relationship
What are the Three C’s of Surety?
In Surety underwriting, there are many factors which go into the determination whether a Surety can tell an Obligee (via a bond) "Yes, this Principal/Contractor has the ability to complete your contract". A number of these factors fall under what the Surety industry...
Can I Witness Myself?
Witnessing Bonds and Bond Applications Not all applications and bonds need to be witnessed, but if you have a document that requires witnessing, this signature provides evidentiary support in case there is a dispute about who signed. Generally, a witness must be a...