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Commercial Bonds

October 9, 2017 at 10:00 AM
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Commercial bonds, also known as non-contract or miscellaneous surety bonds, are required of individuals or businesses by state, municipal or federal ordinance or regulation.

A commercial bond is an agreement under which one party, the surety, guarantees to another party, the obligee, the performance or compliance of an obligation by a third party, the principal. Generally, commercial bonds serve the purpose of protecting the general public that interacts with the bonded principal. The length of time on these bonds is usually for a 12 month term. They may be renewed for subsequent one year terms. Most of these types of bonds have set amounts. When a valid claim is made on a commercial bond, the surety who issued the bond will make payment to settle the claim. The surety, however, will attempt to recoup its losses from the principal who is ultimately financially liable. It is in the principal's best interest to resolve the issue that could result in a claim on their bond before a claim is made. 


Material posted on this website is for informational purposes only and does not constitute a legal opinion or medical advice. Contact your legal representative or medical professional for information specific to your needs.

Bonds - New Client Forms

  • Contractor’s Surety Questionnaire
  • Bank Reference Letter Instructions
  • Work in Progress Schedule
  • Personal Financial Statement
  • Bid Bond Order
  • Performance Bond Order

Bonds Online: Fast. Secure. Easy.

Our online bond application allows users to generate bonds online for:

  • ERISA Bonds
  • License and Permit Bonds
  • Notary Bonds
  • Highway Permit Bonds

Buy A Bond Now

For assistance with this bond request or specific questions regarding a bond, please contact one of our Surety Specialists during regular business hours at 888-BOND-REP.

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