CNA Surety Bonds

W.A. George writes Surety Bonds. 

Surety bonds work as a form of insurance to the obligee, as they are the beneficiary that can file a claim if the bond's obligation isn't met. It's a form of credit, the claim must be repaid by the principal to the surety. 

If you don't honor the terms of the bond, claims can be made. You are expected to pay the claim in full, plus any legal fees. The surety backs up the bond but the surety will require a general agreement of indemnity to be signed by your company and any owners.

Indemnity agreements pledge your corporate and personal assets to reimburse the surety for any claim(s) and legal costs associated with them. Read our guide to learn more about how indemnity agreements work.

The surety vouches for your ability to pay if any claims are raised. If they are wrong and cannot collect payment from you directly or through the courts, they are ultimately responsible. That is why they need to underwrite the likelihood of you causing a claim and your ability to re-pay them.

 

Financial Services	Check Seller Debt Collector/Collection Agency Finance Lender Insurance or Real Estate Broker Lost Instrument Money Transmitter Mortgage Broker Notary and Notary Errors and Omissions Replevin/Attachment Signing Agent Errors and Omissions Small Loan License STAMP
Health Care	Medicare DMEPOS Employee Dishonesty Nursing Home Patient Trust Pharmaceutical Wholesalers Retirement Benefits (ERISA) Skilled Nursing Facility
Non-Profit Organizations	Employee Dishonesty License  & Permit Professional Solicitor/Fundraiser
Public Officials	School Officials Sheriffs Tax Collector or Treasurer Town Managers
Restaurants/Bars	Employee Dishonesty Liquor Lottery Retailer Sales Tax Bond Utility Deposit
Service Companies	Employee Dishonesty/Janitorial Service License & Permit (Security Guards,Travel Agents, Garbage Haulers, Health Clubs, etc.) Performance & Payment Solicitor
Transportation/Trucking	Certificate of Title Fuel Tax-Highway Use Oversize/Overweight-Right of Way Toll Charge