Read the latest news regarding Commercial, License, Permit, Contract, Court and Fidelity Surety Bonds, and how upcoming changes will affect your business. Check out our glossary page for more information on Surety Bond terminology.
Surety bonds help separate legitimate businesses from disreputable ones. When a company cannot or avoids obtaining bonds needed to run a legal business, it’s usually a bad sign.
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Despite the benefits of pre-qualification services, contract completion protection and payment protection, misconceptions persist about performance and payment bonds.
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A bid bond is issued as part of a bidding process by the surety to the project owner to guarantee that the winning bidder will undertake the contract under the terms at which they bid.
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