Get Commercial Bonds in Washington
A surety bond is fundamentally a guarantee from one person or business to another that is backed by a third party. What exactly the bond guarantees depends on what language is written in the bond.
With surety bonds there are at least three parties:
- The Principal: the primary party who will perform the contractual obligation.
- The Oblige: the party who is the recipient of the obligation.
- The Surety: who assures the obligee that the principal can perform the task.
Through a surety bond, the surety agrees to uphold—for the benefit of the obligee—the contractual promises (obligations) made by the principal if the principal fails to uphold its promises to the obligee. Consumers often require a bond before they will agree to enter into a contract with a contractor.
SafeInsure can work with your business to set up the following bonds:
- Contract Surety Bond
- Commercial Surety Bond
Get more information
If you would like more information about our services, simply call us at (206) 402-6793 or fill out our online form here.