Commercial Surety Bonds

A commercial surety bond is required of individuals, businesses, or other organizations by the government, legislation or by other entities.

 

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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

 

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