Surety Bond Basics
What a surety bond is, how to get one, and how to choose the right surety company. Questions? Call 800-221-3662 or email commdept@colonialsurety.com.
What a surety bond is, how to get one, and how to choose the right surety company. Questions? Call 800-221-3662 or email commdept@colonialsurety.com.
A surety bond is a guarantee that you will do what the law or a contract requires. It is an agreement between three parties:
The principal is you, the person or business that buys the bond.
The surety is the company that guarantees you, such as Colonial Surety Company.
The obligee is the government agency, court or client that requires the bond.
If you don’t meet your obligations and someone suffers a loss, the surety pays the valid claim, up to the bond amount. You then repay the surety. In short, the bond protects the obligee, not you.
Pick the bond you need from our surety bond library, with thousands of bonds that meet obligee requirements in every state.
See your price online right away, with no broker and no added fees.
Answer a few short questions and pay securely online.
Most bonds are issued instantly. A few bond types in some states need a few extra steps.
Look for fast service, financial strength and fair pricing. Here’s why customers choose Colonial Surety Company:
Instant service. Quote, buy and download most surety bonds online in minutes.
Reputation and security. Incorporated in 1930, rated A (Excellent) by A.M. Best, U.S. Treasury listed, and licensed in all 50 states and U.S. territories. Our customers rate us 4.8 on Trustpilot.
Buy direct from the surety. No broker, no middleman, no added fees. Your bond is issued online, straight from us.