What is a surety bond? A surety bond, at its core, is a financial guarantee. It is a written promise, backed by an insurance company, that a person or company will fulfill the specific obligations of the contract and, if they fail, the insurance company will compensate the primary beneficiary for any losses.

The surety is the company that provides a line of credit to guarantee payment of any claim. They provide a financial guarantee to the obligee that the principal will fulfill their obligations.

Surety bonds have been a valuable tool for centuries. The first known record of contract suretyship was an etched clay tablet from the Mesopotamian region around 2750 BC. According to the contract, a farmer drafted into the service of the king was unable to tend his fields.

It enables you to instantly issue and print bonds in your office. All new bonds issued through BONDSTAR will bill on your monthly agency statements. Bonds are electronically reported and automatically numbered. Your bond will print with your power of attorney. Just sign and seal!