Have you heard you need a surety bond, but you’re not exactly sure what it is or what it entails?

Surety bonds are contracts guaranteeing that specific obligations will be fulfilled.  These obligations may involve meeting contractual commitments, paying debts or performing duties.  There are three parties in a surety bond:

Under the terms of a North Carolina Surety Bond, one party (Guarantor or Surety) becomes answerable to a third party (Obligee) for the acts or non-performance of a second party (Principal).

Common Types of Surety Bonds

There are a number of different kinds of surety bonds.

If you think you might need a surety bond or have any questions about them, don’t hesitate to contact us.


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