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...

The Importance of a Strong Surety Relationship

Or: Since a Surety bond is vastly different from an Insurance policy, so is the relationship that produces such. Diving deeper into the Three Cs of surety from our last post, let’s look at the Character component, specifically the Principal’s relationship with the...