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Surety Bonds

Surety Bonds Insurance

Surety Bonds are three-party agreements. The surety guarantees the obligee (the project owner) that the principal (the contractor) has the ability to perform the contract in its entirety. The bond is the performance of the contract. The agreement determines the rights and obligations of all parties of the bond.

These are the eight different families of surety bonds:

  1. Judicial Bonds
  2. Contract Bonds (Bid and Performance Bonds)
  3. Fidelity Bonds
  4. Fiduciary Bonds
  5. Notary Bonds
  6. Public Official Bonds
  7. License and Permit Bonds
  8. Miscellaneous and Federal Bonds

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Sweeney & Selland Insurance
License #0167874

2580 Sierra Sunrise Terrace Suite 230
Chico, CA 95928

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dcastillo@sweeney-sellandins.com

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(530) 487-8202

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Available 8:30am - 5:00pm

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