Commercial Surety Bonds
A commercial surety bond is required of individuals, businesses, or other organizations by the government, legislation or by other entities.
License and permit bonds: required by state, municipal or federal ordinance or regulation. These bonds may be required as a condition for engaging in a particular business or exercising a particular privilege. Examples include notary bonds, tour guide bond, performance and payment bonds, customs bonds, tax bonds and warehouse bonds.
Commercial Surety Bonds can also include:
- Court Bonds
- Fiduciary bonds – for people who administer trusts under the supervision of the court
- Public official bonds – required by statute for certain holders of public office, to protect the public from malfeasance by an official or from an official’s failure to faithfully perform duties.
- Judicial Bonds