Surety Bond

Stay Safe, Rest Assured

What is a Surety Bond?

Suretyship is a three-party agreement between a Principal (contractor, public official, fiduciary, notary ) a Surety (CNA Surety) and an Obligee (governmental body, owner ). Using a written Bond agreement, the surety, CNA, agrees to guarantee the commitments of the principal to the obligee. Commitments may be to perform a service or to comply with or required by statute, regulation, code or other agreement/ obligation to complete the contract. The bond is a credit relationship – it is NOT an insurance policy.
There are many instances where a surety bond is required. Usually when the public has a vested interest or tax dollars are being used to fund the project. For example; a contractor awarded a project, or if required by law to have a license or permit to conduct business, they will likely require a bond. Newly­ Elected officials need a bond to guarantee that they will faithfully perform the duties of the office. Litigation proceedings often require a bond, as do court appointments of a fiduciary to handle affairs of another person.

CNA Surety as one of the oldest and established bonding companies
offers many types of Surety Bonds:

Contract Bonds

  • Bid Bonds
  • Payment & Performance Bonds
  • Maintenance Bonds

License and Permit Bonds

  • Auctioneer Bond
  • Real Estate Broker Bond
  • Gasoline Tax Bond
  • Liquor/ Beer Bond
  • Home Improvement Bond
  • Electrician Bond
  • Plumbers Bond
  • Fuel Dealer Bond
  • Motor Vehicle Dealers Bond

Public Official Bond

  • Tax Collector Bond
  • Notary Public Bond
  • Constable Bond
  • Sheriff or Deputy Sheriff Bond
  • Treasurer – State, County, City, School Bond
  • Clerk of Court Bond

Plaintiff Court Bonds

  • Attachment Bond
  • Cost Bond
  • Garnishment Bond
  • Injunction or Restraining Order
  • Claim or Delivery
  • Sequestration
  • Replevin

Fiduciary or Probate Bonds

  • Probate/ Nominal Bond
  • Administrator Bond
  • Guardian Bond
  • Trustee Bond

Federal & Miscellaneous Bonds

  • DEMPOS Bonds (Durable Medical Equipment, Prosthetics, Orthotics, and Supplies)
  • ARC Bonds
  • Lost Instrument Bond
  • Utility Payment
  • Wage & Payment Bond

 

To obtain a bond, you may need to provide:

  • Business financial Statements
  • Personal financial statements
  • Credit authorization
  • Contractor’s profile
  • Application
To find out more about these, as well as other products and services, call Rider Insurance at (410) 828-1555 office, (888) 617-4337 toll free and we’ll help make sure you’re properly covered.

Interested to Know More?

Let’s Get Connected

Request a call back