Suretyship and Bonds provide indemnity to a third party against loss up to a specified amount, resulting from the failure of an individual to perform his obligation under a contract.

Fidelity Bond:

The Fidelity Bond indemnifies an employer against loss of money, securities and other property resulting from any fraudulent or dishonest act committed by an employee whether acting alone or in collusion with others.

Performance Bond:

The Performance Bond is designed to guarantee the construction and completion of a project in accordance with the approved plans and terms of conditions of the contract. It may also guarantee the principal’s obligations to furnish and deliver supplies, materials and other commodities to another party.

Judicial Bond:

The Judicial bond guarantees courts and administrative bodies (clothed with quasi-judicial powers) against loss or damage it may suffer as a result of the filing of suit. This includes:

• Fiduciary Bonds
  
• Civil Judicial Bonds
  
• Criminal Judicial Bonds