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	How Surety Bonds Work
		Thus if the surety asserts a defense based on representations by the indemnitors or the principals, and the defense ultimately is found to have been frivolous, the indemnitors would be required to reimburse the surety for any damages or sanctions sustained by the surety.
		When the surety is advised of a claim or possible claim, the surety may establish a “reserve”-which is an account or fund with a sum sufficient to pay the estimated extent of the possible claim.
		A surety has the right to defend itself by asserting all the defenses of its principal (e.g., the principal was actually not in default; was prevented from performing by defective specifications; or was not given contractually required cure notices, etc.), as well as asserting any defenses the surety may have under its performance bond.
	www.nsbainc.com /how_bonds_work.htm (3574 words)

	Construction Surety Bonds in Plain English
		A surety bond is a guarantee, in which the surety guarantees that the contractor, called the “principal” in the bond, will perform the “obligation” stated in the bond.
		Bonds frequently state, as a “condition,” that if the principal fully performs the stated obligation, then the bond is void; otherwise the bond remains in full force and effect.
		The owner is the obligee of a performance bond, and may sue the principal and the surety on the bond.
	www.attny.com /gci32djd.html (3430 words)

	Surety Bonds - Nationwide (800) 995-0997 California, Florida, Texas, New York, Illinois
		The CA notary public bond is $50/4 yrs, IL notary public bond $30/4 yrs, TX notary public bond $50/4 yrs, MI notary public bond is $55/6 yrs, and the WI notary public bond $20/4 yrs, etc. Notary EandO is also available and in some states is free with purchase of your surety bond.
		Prior to executing a commercial lease, the board may require the posting of bonds, sureties, guarantees or a letter of credit sufficient to ensure that the commercial purposes will be conducted as proposed with no harm to the financial interests of the beneficiaries.
		Surety bonds are sometimes spelled surity bonds, surty bonds, or suety bonds.
	www.ameribonds.com (6211 words)

	www.inscodico.com - The Insco/Dico Group Surety Bonds (via CobWeb/3.1 planetlab2.cs.virginia.edu) (Site not responding. Last check: 2007-10-13)
		Surety bonds, through the surety companies' prequalification of contractors, protect the owner and offer assurance to the lender, architect, and everyone else involved with the project that the contractor is able to translate the project's plans into a finished projects.
		Simply stated, a surety bond is an agreement under which one party, the surety, guarantees to another, the owner or obligee, that a third party, the contractor or principal, will perform a contract in accordance with contract documents.
		Before issuing a bond, the surety must be fully satisfied that the contractor is of good character, had the experience that matches the requirements of the projects to be undertaken, and has, or can obtain, the equipment necessary to perform the work.
	www.insco.com.cob-web.org:8888 (1746 words)

	Surety Bonds
		A performance bond is the key bond in a work project because the owner of a project not only wants the work completed - usually within a specified time- but also completed according to specifications.
		This bond, also referred to as a "labor and materials" bond, guarantees that bills for labor and materials used in the work will be paid as they become due.
		These bonds, although used for a variety of purposes, usually guarantee that the persons who post them will comply with statutes, regulations or ordinances that regulate their activities.
	www.membersedge.net /html/bonds.htm (326 words)

	Surety Bonds
		Bonds are three party instruments, by which one party (the surety) guarantees or promises a second party (the owner) successful performance by a third party (the contractor).
		A bond is also an instrument of pre-qualification, whereby one party says to second party that the third party has been examined and found to be qualified to complete the obligation or undertaking in question.
		The bonds given by a surety in conjunction with construction projects are usually bid bonds, performance bonds, and labor and material payment bonds.
	www.filosagencyinc.com /surety_bonds.htm (336 words)

	Surety Bonds
		A surety bond is a contract in which the surety agrees to pay the debts or guarantee the contract performance of a principal to a third party -- called the obligee -- if the principal fails to pay its debts or perform on a contract.
		Most surety bonds are sold by insurance companies, which collectively suffered an estimated $50 billion in losses as a result of the terrorist attacks on Sept. 11, about a sixth of the available capital in the insurance industry.
		This is not just because sureties face greater risks in the current economy, but also because the cost of reinsuring surety bonds has risen substantially over the past year.
	www.law.com /regionals/ca/stories/edt0416_g.shtml (1031 words)

	Surety Bonds
		Generally, bonds are required of those who administer public or private funds, and of individuals and businesses to qualify for licenses and permits.
		The main type of bond is a Surety Bond, which is basically a three-party contract — one party (the surety) agrees to be held responsible to a second party (the obligee) for the obligations of a third party (the principal).
		A Surety Bond guarantees monetary compensation or the satisfactory completion of an obligation by the surety should the principal fail to perform specific acts within a stated period of time.
	www.unitedfiregroup.com /SuretyBonds (237 words)

	Surety bond - Wikipedia, the free encyclopedia
		A surety bond is a contract among at least three parties: (i) the principal, (ii) the obligee, and (iii) the surety.
		Surety bonds are also used in other situations, for example, to secure the proper performance of fiduciary duties by persons in positions of private or public trust.
		Thus, the surety on a bond is usually an insurance company whose solvency is verified by private audit, governmental regulation, or both.
	en.wikipedia.org /wiki/Surety_bond (449 words)

	Surety Bonds
		A surety bond is a three-party instrument between a surety, the contractor and the project owner.
		Bond which guarantees payment from the contractor of money to persons who furnish labor, materials equipment and/or supplies for use in the performance of the contract.
		Bonds which are incidental and essential to the performance of the contract.
	www.kernaninsurance.com /surety.htm (203 words)

	Surety Bonds
		We also write a wide variety of fiduciary (probate) bonds to those who are required by law to distribute (administrator) or preserve (guardian) property or other assets held in trust.
		Bonds may also be required for various types of civil proceedings.
		These bonds are used to guarantee actions associated with a license to engage in a particular business or a permit to exercise a particular privilege.
	www.stuberinsurance.com /01Products/02BusinessIns/surety.htm (228 words)

	Surety Bond Blog
		A surety bond is a three party agreement involving a principal (who is being bonded), obligee (who is requiring the bond), and carrier (who is backing the bond).
		Surety bond renewal premium payments must be collected early due to the language of the bonds.
		A surety bond is a three party agreement involving a principal (the party obtaining the bond), an obligee (the party requiring the bond of the principal), and a surety (the carrier backing the bond).
	www.jwsuretybonds.com /blog (8254 words)

	Surety Bonds (Site not responding. Last check: 2007-10-13)
		A surety bond is an agreement under which one party, the surety, guarantees to another, the obligee or owner, that a third party, the contractor or principal, will fulfill the underlying obligation in a contract.
		In the case of a subcontract, the general contractor is the obligee, and the subcontractor is the principal.
		The second type is the performance bond; it guarantees the contractor's performance of the contract according to its terms and conditions.
	www.pfgworld.com /business/bonds.html (529 words)

	Financial Pacific - Surety Bonds
		A surety bond is a three party, legal agreement where in the bond guarantees that one party will complete its obligation to the second party.
		Bonds are the opposite of insurance in that theoretically a surety expects no losses.
		Court bond is a general term embracing all bonds and undertakings required of participants in a lawsuit, permitting them to pursue certain remedies in the courts.
	www.financialpacific.com /htdocs/suretybonds.asp (619 words)

	Surety Bond - Surety Bonds Fast Online Easy Application (Site not responding. Last check: 2007-10-13)
		At Surety Solutions, we understand what a surety company is looking for and will help you find the right solution.
		Talent agencies in the State of California are required to post a $50,000.00 surety bond with the State Labor Commission.
		Bonds are required for 1.5 too 2 times the amount of the lost instrument depending on the title company.
	www.surety1.com (182 words)

	Affordable Surety Bonds - Nationwide (800) 995-0997
		The bond shall be conditioned that the licensee will faithfully conform to and abide by this chapter and all rules adopted thereunder, and shall be liable for reimbursement to all persons who suffer loss by reason of a violation of this chapter or rules adopted thereunder.
		The bond requirement may be waived at the discretion of the commissioner if the distributor has obtained a comparable bond or other security for the purpose of licensure in another state where the distributor possesses a valid license in good standing.
		The bond amount is to be determined by the department, which shall be equal to 75% of total receipts of the warehouse from the previous year.
	www.bondqueen.com (6967 words)

	Surety Bonds, Surety Bond, Miscellaneous Bonds, License Bonds, Permit Bonds
		Surety Bonds are surety bonds required by Private Industry, Municipalities, States and the Federal Government to ensure principal abides by the governing rules and regulations.
		The principal is required to provide the surety bond form.
		The amount of the surety bond varies; be sure to indicate amount required on the surety bond application.
	www.suretybonds1.com (196 words)

	Surety Bond Applications - JW Surety Bonds (free quotes)
		Whether you are in the market for a commercial or contract bond, JW Bond Consultants, Inc. is the agency of choice.
		Bad Credit Surety Bonds (also known as High Risk Bonds) consist of any commercial bond (ie Bad Credit Contractor License Bond) for clients with average credit or less.
		Mortgage Broker Bonds, also known as Mortgage Surety Bonds are required by state law for a mortgage broker license.
	www.jwsuretybonds.com (648 words)

	Surety Bonds
		Surety bonds provide companies with "synthetic" equity and financial flexibility through off-balance sheet credit, often with more favorable terms and conditions than other financial instruments, such as letters of credit.
		Companies use surety bonds to free up banking and other credit sources; enhance their cash flow; improve their balance sheets; or as a solution to a complex credit problem, such as a leveraged buy-out or legal settlement, to name just a few examples.
		Aon's team of surety professionals are well versed in risk management and the surety bond market, providing a full range of bond services, which include:
	www.aon.com /us/busi/risk_management/risk_transfer/surety_bonds.jsp (277 words)

	Surety Bonds
		Developing a responsive surety bond program does not have to be a drawn-out, bureaucratic process.
		We are also very active in the National Association of Surety Bond Producers and the Surety Association of San Diego.
		Maximizing the benefits of your surety program requires an understanding of the underwriting process, the ability to assist you in presenting your business plan to the underwriters, and, where needed, the guidance to draw together the professional support team to assist your firm in realizing its goals and objectives.
	www.driveralliant.com /bonds.htm (365 words)

	Contract Surety Bonds (Site not responding. Last check: 2007-10-13)
		We make sure that this bid fits into his work program, and if it is a stretch for the contractor, we work with the contractor and the bond company to get this type of project approved.
		There are times when bond companies may have underwriting issues with the contractor.
		We represent a wide range of bond companies that offer a variety of rates and work programs for contractors depending on their needs.
	www.insurequincy.com /bonds.htm (422 words)

	Surety Bonds
		Our longtime relationship with bond and insurance carriers has built up a level of trust in the professional opinions and recommendations we offer on behalf of our clients.
		In the construction industry, for example, we have the insight into a client’s project history and level of fiscal strength to provide guidance with regard to the type and scope of job they are financially able to bid on.
		When you bring your bonding requirements to Huckleberry, Sibley and Harvey, you profit from the advantages of a company with the professional contacts, resources and expertise to ensure you get thorough and timely attention to meet those requirements.
	www.hshinc.com /surety.htm (202 words)

	Business - Surety Bonds (Site not responding. Last check: 2007-10-13)
		We deal only with the most trusted sureties, and have a proven record of placing bonds for contractors new to bonded work…the most difficult bonds for hazardous work…contractors with inexperience on larger projects…and those with financial difficulties.
		Court Bonds — Judicial Bonds are required of either a plaintiff or a defendant in a lawsuit to preserve the rights of the opposing litigant.
		Fiduciary Bonds are required of those who administer a trust under court supervision to guarantee faithful performance in the handling of assets entrusted to them.
	www.crossagency.com /surety.html (346 words)

	Surety Bonds - Illinois - Mortgage Broker
		We are licensed to write surety bonds in Illinois and many other states nationwide.
		See our Bad Credit Surety Bond Program for more information on how to get a bond even if you have credit problems.
		If you do not know what surety bond you need then read through our surety bond description page.
	www.jwsuretybonds.com /lic_il.htm (269 words)

	Surety Bonds Colorado, Arizona, Utah, Nebraska... Rocky Mountain Surety (via CobWeb/3.1 planetlab2.cs.virginia.edu) (Site not responding. Last check: 2007-10-13)
		Rocky Mountain Surety only works in surety bonds, and we are proud of our history of excellent customer service.
		Payment bonds are usually required on public works projects and often required on private projects.
		A bond which guarantees performance of the terms of a written contract, Performance Bonds frequently, but not always, incorporate payment bond and maintenance bond liability.
	www.rockymountainsurety.com.cob-web.org:8888 /surety_bonds_services.htm (155 words)

	Superior Surety Bonds & Insurance Services
		Superior Surety Bonds & Insurance Services is an insurance agency whose primary focus is writing all types of bonds: all license & permit, court, contract bonds.
		With over 24 years bond underwriting experience, we have the expertise in helping all our customers with their bond needs.
		We conduct classes for individuals who want to become a vehicle dealer, along with continuation education classes for vehicle dealers who need to attend class to renew their dealer license.
	www.superiorbonds.org (99 words)

	Contract Bonds, Construction Bonds, Contract Surety Bonds
		Mark Levinson, our surety bond specialist, has developed strong relationships with the leading surety bond underwriters so that we may provide our clients with access to more favorable terms and conditions.
		Maintenance Bonds guarantee against any possible defects in the contractor's work for a set period of time after the work is performed.
		Because the contractor must meet the surety company's pre-qualification standards, construction lenders are also indirectly assured that the project will proceed in accordance with the terms of the contract.
	www.brunswickcompanies.com /suretyBonding/construction_bonds.htm (522 words)

	Surety Bonds: Florida License Bonds, Commercial Bonds (via CobWeb/3.1 planetlab2.cs.virginia.edu) (Site not responding. Last check: 2007-10-13)
		We are one of the largest surety bonds agencies in the country.
		No Bond Agency can be better than the Surety Companies they represent.
		No matter what your current bonding situation on either an agency or bonding company level, we can improve the amount of surety credit currently available to your company and our staff guarantees that no one will give you better service.
	www.performancebonds.com.cob-web.org:8888 (364 words)

	Surety Bonds (Site not responding. Last check: 2007-10-13)
		Brooks serves a large base of construction-industry clients and is one of the few agencies in the region with a full-service surety department.
		We represent many of the top surety companies and have up-to-the-minute knowledge of trends in the regional construction environment.
		To learn more about the types of bonds that may be required, click on “Other Bonds” here or at the left.
	www.brooksinsurance.com /surety_bonds_body.htm (314 words)

	Surety Bonds
		It takes special expertise to prepare the many different bonds contractors are required to provide in the course of competing for and performing work.
		Our surety experts understand your exposures through long involvement in the building industry, and are skilled at responding promptly and knowledgeably to your applications.
		Moreover, once you establish a bonding facility, we can quickly provide any bonds you require to perform work in both Canada and the United States.
	www.steersinsurance.com /surety.htm (171 words)

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