Surety Bonds

Resources

Surety Department History
Surety Basics
Obligee Work Zone

A bond from United Fire Group is more than a contract of obligation. It's also a commitment of dependability, an instillment of confidence, a promise of protection, and a guarantee of good faith.

Over fifty years ago, United Fire Group’s Surety Bond Department opened its doors for business. While much has changed in fifty years, the department remains dedicated to the principle it was founded on – building quality relationships with its clients. Through courteous service, consistent underwriting, and flexible decision-making, the department accomplishes this daily.

Bonds play an important role in protecting individuals, organizations, and the government against loss through the failure of others to fulfill specific obligations. Generally, bonds are required of those who administer public or private funds, and of individuals and businesses to qualify for licenses and permits.

The main type of bond is a Surety Bond, which is basically a three-party contract — one party (the surety) agrees to be held responsible to a second party (the obligee) for the obligations of a third party (the principal). A Surety Bond guarantees monetary compensation or the satisfactory completion of an obligation by the surety should the principal fail to perform specific acts within a stated period of time.

Surety Bonds include Contract Bonds, Court Bonds, License and Permit Bonds, and Public Official Bonds.

A secure future begins with a bond from United Fire Group today!