Surety

A surety bond or a surety is a guarnatee by one party to assume responsibility for the debt if another party (the Principal) fails to meet its obligations. The Obligee is the party to or for whom the obligations must be carried out.

A surety is a financial instrument typically arranged by an insurance broker. A surety allows a business to expense the fee paid for the service and may eliminate the need of having a contingent liability on its balance sheet.

This web site is under construction, but if you would like to arrange a surety, get in touch with Liberty Specialty Markets or Master Builders Insurance Brokers.

Surety