A surety bond is essentially a financial guarantee towards the obligee (the person that owes money or something of value) against some financial damage in case there is a default by the principal (the person that owes money). Several industries use surety bonds, e.g., construction, healthcare, and also as part of government contracting. For more information on how surety bonds can benefit your business, explore Alpha Surety Bonds services. Most bonds will cost between 1-10% of the full bond amount. How much does a surety bond cost? The bond amount is the maximum amount that the surety company is willing…
Thursday, July 23