Surety Bonds

A Surety Bond is a three-party agreement whereby the surety guarantees to the obligee (the project owner) that the principal (the contractor) is capable of performing the contract in accordance with the contract documents. Performance of the contract, which is the subject of the bond, determines the rights and obligations of the surety and the obligee.

Here are the eight different families of surety bonds:

  1. Fidelity Bonds
  2. Public Official Bonds
  3. Judicial Bonds
  4. Fiduciary Bonds
  5. License and Permit Bonds
  6. Contract Bonds (Bid and Performance Bonds)
  7. Miscellaneous and Federal Bonds
  8. Notary Bonds
Reliance-Menno-Hursh Insurance Group offers free, comparative quotes on surety bonds from multiple insurance carriers so you can get the best possible rate.

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Reliance-Menno-Hursh Insurance Group Provides Auto, Homeowners, Life, Commercial, Business, Farm, and Crop Insurance to all of Indiana, Including Goshen, Elkhart, Middlebury, Shipshewana, Bristol, Syracuse, North Webster, Warsaw, New Paris, and Millersburg.

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