A surety bond is a way of ensuring that a business makes good on its obligations when it's hired to do a job. Many, or all, of the products featured on this page are from our advertising partners who ...

Marianne Bonner, CPCU, ARM, covers business insurance topics for Investopedia, building on 30 years of experience working in the insurance industry. She has written extensively for The Risk Report, ...

A surety bond is a three-party contract between a principal, obligee and a surety. Surety bonds also are regulated by state insurance departments. The principal has an obligation to the obligee to ...

From bridge construction to janitorial services, most government agencies and many businesses require the businesses contracted to work on such projects to obtain surety bonds. A surety bond gives the ...

Contractor default inflicts huge losses on everyone involved — on contractors and project owners alike, though in different ways — and can delay, and ultimately stop, a project. This is why surety ...

Andrew Ancheta is a finance editor who has reported extensively on cryptocurrency, NFTs, economics, and history. He previously worked as an editor for China Daily. David Kindness is a Certified Public ...

Surety bonds protect interests in contracts, ensuring funds are available if obligations are unmet. They differ from investment bonds, focusing on guaranteeing contract fulfillment rather than earning ...