Commercial Surety

commercial surety

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commercial surety
Various types of businesses, as well as individuals, rely on our commercial expertise to guarantee their business obligations. Ranked as the sixth largest surety writer in the United States,1 our specialized Commercial Surety team has the experience to facilitate the right bonding solutions. We target customers from Main Street to Wall Street and everywhere in between.
 

Our Target Classes Are:

  • Administrators/Executors/Trustees
  • Business & Professional Services Firms
  • Financial Institutions
  • Insurance Brokers/Agents/Adjusters
  • Mortgage Brokers/Bankers/Lenders
  • National Homebuilders
  • Public Officials (City Clerks/Tax Collectors/Town Managers/Treasurers/Notaries)
  • Receivers/Replevins/Courts
  • Title/Escrow Agents
We also offer Commercial Bond programs up to $1B.
 
Product Offerings
Probate bonds are required by law to guarantee an honest accounting and faithful performance of the duties of the fiduciary in compliance with the orders of the probate court.

Examples – Administrator, Executor and Guardian
A judicial bond is generally required in civil court proceedings when a litigant seeks a special right or remedy in advance of a final court decision.

Examples – Attachment, Injunction, Replevin and Appeal
License and permit bonds are required by the federal government or by any state, country, municipality or other political subdivision as a condition precedent to the granting of a license to engage in business or a permit to exercise a particular privilege, where such business/privilege presents a risk to the public welfare.
 
Examples – Contractors License, Street Permit, Real Estate & Insurance Brokers and Compliance Obligation
The public official bond covers the official’s term of office and guarantees that the bonded official will faithfully perform all official duties. The public official may be elected or appointed to a full-time or part-time position. These bonds are the direct result of state statute or other type of public charter and specifically determine the exposure for a given bond.
 
Examples – Notary, Treasures, Tax Collectors, Sheriffs and Other Public Officials
Miscellaneous bonds are those obligations that do not clearly fall within the scope of the other bond categories. Some of these bonds are required by law and must follow the applicable statutes, ordinances or regulations.
 
Examples - Lost Securities, Patient Trust Fund (Nursing Homes), Concessionaries, Games of Chance
A business services bond addresses acts of theft by the principal or principal’s employees while performing services for others.
 
Examples – janitorial services and home health care workers
Tax bonds guarantee payment of taxes, fees and forfeitures due on merchandise in compliance with governing federal, state, city, and/or county-level laws and regulations. 
 
Examples: Fuel, Tobacco, Alcohol and other sales tax
These bonds secure the obligation to faithfully perform the terms and conditions of a contract.
 
Examples – service companies such as food service operations, bus companies, and trash haulers
Related Products & Services

Questions or Need Assistance?

The National Surety Office (NSO) is your countrywide quick turnaround source for transactional and Commercial Surety business.
 
1 Surety & Fidelity Association of America. Top 100 Writers of Fidelity and Surety Bonds: 2020. Based on Direct Written Premium.