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Contract bonds protect project owners by guaranteeing a contractor’s performance, payment, and project completion. Examples include bid bonds, performance bonds, and payment bonds.
Commercial surety bonds are often required for business licensing. These include license and permit bonds for contractors, auto dealers, freight brokers, and more.
Court bonds are used in legal cases and probate matters. Judicial bonds apply to appeals and lawsuits. Fiduciary bonds are required for executors, administrators, and guardians.
Public official bonds ensure government officials perform their duties honestly. These bonds cover notaries, court clerks, tax collectors, sheriffs, and similar roles.
Miscellaneous bonds cover special obligations like lost instrument bonds, ERISA compliance, or ARC bonds for travel agencies. They protect against unique financial risks.
