Surety [Bonds]

Contract surety bonds provide financial protection for projects, ensuring that contractors meet their obligations. These include Bid Bonds, which guarantee the contractor will honor their bid if awarded the contract; Performance Bonds, ensuring the contractor completes the project as agreed; Payment Bonds, which ensure subcontractors and suppliers are paid; and Maintenance (Warranty) Bonds, which guarantee that the contractor will address any issues that arise after the project is completed.

Commercial surety bonds are often required for businesses to ensure compliance with regulations and industry standards. These include License & Permit Bonds, which guarantee compliance with local, state, or federal regulations; Customs Bonds, which ensure compliance with customs requirements for imported goods; Tax Bonds, ensuring payment of required taxes; and Utility Bonds, which guarantee the payment of utility bills or compliance with utility regulations.

Court surety bonds are typically used in legal proceedings to ensure compliance with court orders and fiduciary duties. These include Judicial Bonds, required in certain legal processes like appeals, and Fiduciary (Probate) Bonds, ensuring the proper management of estates or trusts by a fiduciary. These bonds provide security and accountability within the judicial system.