Surety Bond Solutions
Surety & Fidelity Bonds
Surety and fidelity bonds play a significant role in helping address risk and potential loss for your growing business. Whether it’s a surety bond to guarantee payment or a bond to guarantee your work, you need an insurance agency like the Crestway Group (CWG) that understands the needs of your business is responsive, flexible and focused on satisfying the unique bond requirements of each one of its customers.
How Surety Bonds Work
A surety bond consists of agreements between three parties:
- Issuer of the bond (first party- surety)
- Party the issuer represents (second party- principal)
- Party in which the agreement terms are being performed for (third party- oblige)
Understanding Party Roles
The Surety
The surety is the entity who will be insuring the principal of the obligations referenced in the bond.
The Obligee
The obligee is the company, person or government agency that is requiring the bond. They are the party of a surety bond to whom the principal is guaranteeing they will fulfill their obligations.
The Principal
The principal is the person or company that applies for a bond and purchases it.
Indemnity
Indemnity is the compensation for a loss or a restoration to the approximate financial condition occupied before the loss occurred.
Surety Products & Services By Industry
Construction, Education, Financial Institutions, Healthcare Manufacturing, Professional Services, Real Estate, Retail, Technology, Wholesale Distribution, Services and many other industries.
COMMERCIAL BONDS
Janitorial Service Bonds
Utility Bonds
Lottery Bonds
More Commercial Bonds
LICENSE & PERMIT BONDS
Auto Dealer Bonds
Contractor Bonds
Freight Broker Bond
More License Bonds
CONSTRUCTION BONDS
Performance Bonds
Supply Bonds
Maintenance Bonds
More Construction Bonds
FIDELITY BONDS
Notary Public E&O
Signing Agent E&O
Tax Preparer E&O
Why Crestway Group
The Crestway Group provides a full range of commercial, contract, bid, performance surety bonds and wide range of fidelity bonds. We deliver a diverse product line, experienced staff, and market-leading technology to the surety and fidelity bond community. Our portfolio of surety products and services includes Contract Bonds, Corporate Commercial Bonds, Fidelity Bonds, Small Commercial Bonds and so many more with our streamlined, advanced underwriting processing, means you receive quick, accurate turnaround on your surety or fidelity bond.