Surety – the insurance company or surety business that guarantees the obligation will be performed. If the principal fails to perform the work as promised, the surety is contractually accountable for losses sustained. The principal can pay a premium (commonly on a yearly basis) in Trade with the bonding company's https://mobilewebpage.net/en/all-articles/what-is-a-surety-bond-understanding-the-basics-of-surety-bonds-and-bond-insurance