Business Insurance

Business Insurance

 

 

 

 

Bonds, Bond Insurance

We write surety bonds of all types, which include:

  • License & Permit
  • Subrogation
  • Performance & Payment
  • Court
  • Financial Guarantees
  • Miscellaneous Guarantees

Most bonds up to $50,000 can be issued regardless of credit (does not apply to contract, court, and subdivision bonds).  We also write Fidelity Bonds of any size, type or location, as well as Errors & Omissions Insurance and Directors & Officers Insurance.

 

What is a Surety Bond?

Surety bonds are three-party agreements in which the issuer of the bond (the surety) joins with the second party (the principal) in guaranteeing to a third party (the oblige) the fulfillment of an obligation on the part of the principal.

Obligee:

The party (person, corporation, or government agency) to whom a bond is given.  The obligee is also the party protected by the bond against loss.

Principal:

The individual who is required to be bonded by the obligee.

Surety:

A person or institution that guarantees the acts of another person or institution.

 

 

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(561) 683-2230
TWO LOCATIONS
in Palm Beach County
West Palm Beach

(561) 683-2230
1274 North Military Trail
West Palm Beach, FL 33409
(just north of Belvedere Rd
Monday - Friday, 9AM to 6PM
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Lake Worth

(561) 432-6630
3958 Lake Worth Road
Lake Worth, FL 33461
Monday - Friday, 9AM to 6PM
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