A Surety Bond is a written promise to pay damages or to indemnify against losses caused by the party or parties named in the document through non performance or defalcation. In other words it is a garantee by the surety bonding company to make sure the promise or the job set by the vendor will be full-filled.
Posted by November 7, 2010on
In other words; a Surety Bond is simply a company and service that allows you to recover your loses should you go into business with a vendor and they do not deliver the service promised.
Surety Bond Quote visit us @ www.allstatesuretybonds.com
Call our Agents for an inquiry @ 800-374-9227
November 7th, 2010 by