Tag Archives: what is a surety bond

What Is the Difference Between Insurance and a Surety Bond?

“You want to find a contractor that is bonded and insured.”  You hear this sentiment echoed all the time, from contracting companies screening new hires to homeowners considering a renovation. And it’s absolutely true. As a contractor, being insured and bonded is a fundamental part of the job description.To compete in the job market as […]

What Is a Surety Bond?


What is a Surety Bond? A Beginner’s Guide. A surety bond is a legally binding contract ensuring that one party keeps its promise to another. If someone fails to keep their promise, a surety company will compensate the party who experienced the loss. Then the party at fault for breaching the contract will have to […]