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614-761-2700
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How does a surety bond work?
Surety bonds are an insurance policy for the obligee or the entity that is initiating the project. In most situations, the obligee is a government agency, and the bond is in place to ensure the government is protected. Surety bonds operate as a form of insurance to the obligee, since the obligee is the beneficiary that can file a claim if the bond's obligation is not met.Obligee
This is the entity, often times a government agency, that is requiring the bond
Principle
This is the contractor or subcontractor that needs to get bonded
Surety
This is a third party bonding company that provides and backs the bonds
The general surety bond process
The first step can be a tricky one at times. With specifications varying by state, all the way down to municipality, as well as whether the project is public or private, knowing what is required as a contractor or subcontractor is crucial. SBI agents will walk you through the process from start to finish so you can know you are covered.Let surety bonds inc. help get the right bond for you and protect your business
614-761-2700
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Contact Surety Bonds Inc.
For general inquiries:
HOME OFFICE
SURETY BONDS INC.
7540 Sawmill Pkwy., Suite D
Powell, OH 43065
Phone: 614-761-2700
Fax: 614-761-8730
BRANCH OFFICE
D&M SURETY
P.O. Box 4431
Sedona, AZ 86340
Phone: 419-350-2221
SURETY BONDS INC.
7540 Sawmill Pkwy., Suite D
Powell, OH 43065
Phone: 614-761-2700
Fax: 614-761-8730
BRANCH OFFICE
D&M SURETY
P.O. Box 4431
Sedona, AZ 86340
Phone: 419-350-2221