What are Surety Bonds?

The purpose of a surety bond is to protect public and private interests against financial loss.

A Surety bond is a three-party agreement in which the issuer of the bond (the surety) joins with a second party (the principal) in guaranteeing to a third party (the obligee) the fulfillment of an obligation on the part of the principal.  It is a financial guarantee that a principal will fulfill their obligation to an obligee.

 

 

See the Surety Bonds we offer in Colorado.