What Are Financial Statements?

Financial Statements Explained As a Contractor or other entity needing a Surety Bond Program, you’re likely being asked to provide Financial Statements. This may be confusing, since you were able to easily buy $1,000,000 of Insurance without any Financial...

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. Surety 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...

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...