A surety is the organization or person that assumes the responsibility of paying the debt in case the debtor policy defaults or is unable ... Surety: Definition, How It Works With Bonds, and ...

Definition of Surety Insurance. Surety insurance is a popular but inaccurate term used to refer to surety bonds. A surety bond is a sum of money one party puts up as a guarantor of good faith.

A surety bond is a sort of promise that a company will follow through with its work as expected, with serious financial repercussions if they don't. Read on to learn more.

A business is bonded if it has a surety bond, ... Additional Insured: Definition, Benefits, Costs, Examples. Best Professional Liability Insurance. Cedent: Overview and Examples in Insurance.

Surety bonds are an agreement involving a principal, an obligee and a surety company that issues the bond for a fee. In most cases, the obligee accepts a bid or application submitted by the principal.

Christopher J. Gutberlet serves as the first Surety Manager for the Aberdeen Proving Ground, Maryland-based 20th Chemical, Biological, Radiological, Nuclear, Explosives (CBRNE) Command.