Surety Bonds
Offered by Viking Bond Service, Inc.
Surety Bonds Surety Commercial Surety Bond License And Permit Bond Contractor License Bond Permit & License Bond BondsDescription
Surety Bonds are three-party agreements in which the issuer of the bond (the surety) joins with the second party (the principal) in guaranteeing to a third party (the obligee) the fulfillment of an obligation on the part of the principal. An obligee is the party (person, corporation or government agency) to whom a bond is given. The obligee is also the party protected by the bond against loss.There are hundreds of different types of surety bonds. The most common are License & Permit bonds. For example, an MVD bond allows a qualified person or entity to obtain a license to sell motor vehicles (please check with your state for eligibility requirements to obtain such a license)Other types of surety bonds are Performance & Payment bonds. These are used in the construction industry. The bond guarantees that a contractor will perform the project to specifications stated in the contract and that the contractor guarantees payment to their suppliers/subcontractors
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9 Rated Carriers
Admitted
Listing Contact
Rob Netzel Owner
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Availability 50 states + DC
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