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.

The bond itself is not a risk transfer from the contractor to the surety, but an extension of credit for which the contractor is liable. The premiums are non-refundable and compensate the surety ...

Performance bonds are part of this picture. Read on to learn more about this tool and the role it plays in building and development projects big and small. Image source: Getty Images.

“SFAA members engaging with federal policymakers is a vital part of our advocacy mission, ensuring Congress understands the essential role of surety bonds in supporting and safeguarding public ...

The surety bond must also be from an authorized surety, certified by the U.S. Department of Treasury (a list of such companies is available here).