Commercial Surety bonds guarantee that you will fulfill statutory or contractual obligations. The majority of Commercial Surety bonds are specified in the requirements of federal, state, and local laws and regulations.
Why choose The Guarantee USA for Commercial Surety?
- Solutions: We review your specific needs and use our deep knowledge and experience to find the right solution.
- Expertise: Our large volume of Commercial Surety business throughout North America enables our underwriters to continuously enhance their knowledge and skills.
- Commitment: Surety is what we do. We have commercial surety specialists supporting our offices across North America.
- Cross Border Bonds: We issue bonds in the United States and Canada, providing you with a single-source solution.
- Innovation: We are always seeking opportunities to partner with our agents to create new products and affinity program opportunities.
- E-Commerce: Our online tool eSurety™ allows agents throughout the US to conveniently quote, issue, endorse and renew Commercial Surety bonds.
US Commercial Surety Bonds
We offer an extensive range of bonds across categories. To help you get a sense of the types of obligations we guarantee, we’ve described some of the most common Commercial Surety bonds below.
License, Permit and Tax Bonds: required by governments or private organizations that grant licenses or permits to businesses and individuals. These bonds allow you to legally operate, and guarantee that you will comply with regulations, your contractual obligations, or payment of taxes. They can provide a level of financial protection to the consumer. Some of the most common are:
- Appraisal Management License Bond
- Auctioneer License Bond
- Bingo License Bond
- Collection Agency License Bond
- Contractor License Bond
- Detective or Private Investigator License Bond
- Defective Title Bond
- Employment Agency Bond
- Exhibition License Bond
- Fuel Tax Bond
- Guard Services Bond
- Itinerant Vendor License Bond
- Insurance Broker, Agent, Solicitor or Adjuster License Bond
- Lottery Agent Bond
- Liquor Tax Bond
- Medicare/Medicaid Provider Bond
- Mortgage License Bond
- Motor Vehicle or Mobile Home Dealer License Bond
- Oversize or Overweight Bond
- Pest Control License Bond
- Professional Fund Raiser License Bond
- Proprietary or Private School License Bond
- Sales, Use and Consumer Tax Bond
- Tobacco Tax Bond
Miscellaneous Bonds: do not clearly fall into the License and Permit category but can be required by federal, state, county, or municipal government; political subdivisions, or other legal entities. These may be regulated or purely voluntary and provide a guarantee of compliance or financial assurance. Some of the most common Miscellaneous Bonds include:
- Cable Pole Attachment Bond
- Contractor’s Indemnity Bond
- Lease Bond
- Lost Instrument Bond
- Toll Bond
- Union Bond
- Utility Payment Bond
- All other financial guarantee type permits
Public Official Bonds: guarantee that public officials will faithfully perform their duties, including accounting for all funds entrusted to their care. These are required to comply with statute, ordinance or regulation for an elected or appointed position including federal, state, county, municipalities or political subdivisions. Some of the common ones include:
- Auto Tag, Hunting, Fishing or Trapping Agent
- Court Clerks
- Fee Collector – Public Parks
- Housing Authorities
- Notary Public
- Public Guardian or Administrator
- Postal Unit Bond
- Sheriff, Deputy or Constable
- Tax Collector
Court Bonds: written under supervision of the court in connection with a legal proceeding. They ensure protection from potential loss as a result of the outcome of litigation. Court bonds include both Judicial and Fiduciary Bonds.
Judicial Bonds: A plaintiff or defendant may be required to provide a surety bond, to protect the other party from loss until the obligation is discharged by court order or statute of limitation. These can include:
- Attachment Bond
- Appeal/Supersedeas Bond
- Costs Bond
- Garnishment Bond
- Injunction Bond
- Replevin Bond
Fiduciary Bonds: required for court-appointed officials who are entrusted to administer assets held in trust, such as guardians, trustees and estate executors. Fiduciary bonds guarantee the court-appointed person will comply with the court and rightly care for another's property. Common fiduciary bonds include:
- Administrator Bond
- Conservator Bond
- Guardian Bond
- Executor Bond
- Trustee Bond
Capacity: Single bonds up to $25 million and surety lines of credit up to $50 million
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