Ed Weeren Insurance Agency Blog: payment bonds

View the latest blog posts from Ed Weeren Insurance Agency.

Wednesday, January 14, 2015

Performance and Payment Surety Bonds 101

Surety bonds may seem like a big, scary topic, but really it’s as simple as a financial guarantee between three parties: the principal, the obligee and the surety. What role do these parties play? Principal: This is the contractor who obtains the bond in order to meet city, state or federal regulations. READ MORE >>

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