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Types of Commercial Surety Bonds

License & permit, contractor, court, and fidelity bonds explained.

License and permit bonds are the most common — they are required to get or keep a professional license, such as a contractor, auto dealer, or notary. Contract bonds (bid, performance, and payment) guarantee that a contractor will complete a project as agreed.

Court bonds are required in legal proceedings, such as probate or appeal bonds. Fidelity bonds protect a business against employee dishonesty. Whatever your state or agency requires, there is a specific bond that fits — and we can help you find it.

License and permit bonds

These bonds are a condition of holding a professional or business license. They guarantee that you will operate within the law and the rules of your trade — for example, contractor license bonds, auto dealer bonds, and notary bonds.

Contract (construction) bonds

Contract bonds support construction and public works projects. A bid bond guarantees you will honor your bid, a performance bond guarantees you will finish the work as agreed, and a payment bond guarantees your subcontractors and suppliers get paid.

Court and fidelity bonds

Court bonds are required in legal matters — probate bonds for estate administrators, appeal bonds during appeals, and guardian bonds, among others. Fidelity bonds are different: they protect a business from losses caused by dishonest employees.

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