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Types of Surety Bonds

Surety bonds fall into a few families. Knowing which family yours belongs to helps you find the right form and the right underwriter.

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Commercial bonds

Commercial bonds are required by laws and regulations. License and permit bonds, auto dealer bonds, freight broker bonds, notary bonds and many others protect the public or a government agency if the principal breaks the rules that apply to its license.

Contract bonds

Contract bonds guarantee performance under a construction or service contract. Bid, performance and payment bonds are the main types and are commonly required on public projects.

Court and fiduciary bonds

Courts require bonds from executors, guardians, appellants and others who handle money or seek court action. These bonds protect the people affected if duties are not carried out properly.

Bond guides

Frequently asked questions

How do I know which bond I need?

The obligee, such as the licensing board or project owner, tells you the bond type, amount and often the exact form.

Need a bond for a license or contract?

Tell us the bond type and amount. A licensed agent or partner may contact you to review options.

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Price my bond