What’s the Deal with Insurance and Surety Bond Premiums?
- May 2, 2017
- Posted by: Surety Bond Experts
- Category: Insurance, Premiums, Surety Bond, Surety Bond Rates, Surety Bonds
There is often confusion between insurance policies and surety bonds. To recap, a surety bond is a three party agreement between the obligee (the one asking for the principal to obtain the surety bond), the principal (the one who is applying for the surety bond) and the surety (the third party who approves the surety