Surety Bond

A Surety Bond is a contract guaranteeing the performance of a specific obligation. Simply put, it is a three-party agreement under which one party, the surety company, answers to a second party, the owner, for a third party’s debts, default, or non-performance.

Contractors are often required to purchase surety bonds if they are working on public and private projects. The surety company becomes responsible for paying for a loss up to the bond “penalty” if the contractor fails to perform.

Surety Bond Types

The following table lists a sample of surety bonds that TRC can obtain for your business operations.

Bid Bonds
License and Permit Bonds
Claim and Delivery Bond
Detective Agency Bond
Appeal Bonds
Executor Bond
Securities Dealer Bond
Maintenance Bonds
Defective Title Bond
Process Servers Bond
Lost Instrument or Securities Bond
Release of Mechanics Lien Bonds
Commercial Performance Bonds for Service Industries
Performance Bonds
Fiduciary Bonds
Replevin Bond
Self-Insurers Bond
Auto Dealers Bonds
Contract Bonds (All Types)
ERISA Bond

Injunction Bond
Liquor License Bond
Mileage Tax Bond
Transportation Brokers (ICC Broker Bonds)
Business Services/Janitorial Employee Dishonesty Bond
Bankruptcy – Trustee or Receiver
Utility Bonds
Fidelity Bonds
Public Officials
Collection Agency Bonds
Escrow Agent Bond
Probate Bond
Real Estate and Brokers Bond
Sales Tax Bond
Subdivision Bond
Notary Public Bond
Mortgage Broker/Banker Bonds
User of Motor Vehicle Fuel Bond

The Right Choice Insurance Agency has the specialized knowledge needed for recommending the best Surety Bonds. With more than 65 years of experience and access to products from over 50 insurance companies and specialty programs, trust The Right Choice Insurance Agency for all your Surety Bonds!

Make The Right Choice Insurance Agency your go-to business insurance broker. Click here to get a quote today or call us at 602.635.1567 and find out why so many people switch to The Right Choice Insurance Agency!

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