Surety insurance is a type of contract in which a surety company guarantees the performance of a principal party in the event of default. In the business world Surety Insurance can also be known as:
- Bid bond insurance
- Bid bonding
- Bond insurance
- Bonding
- Commercial bond insurance
- Commercial bonding
- Construction bond insurance
- Construction bonding
- Contract bond insurance
- Contract bonding
- Fidelity bond insurance
- Fidelity bonding
- Guarantee insurance
- Guaranty
- Payment bond insurance
- Payment bonding
- Performance bond insurance
- Performance bonding
- Security bond insurance
- Security bonding
Last Update: March 2023
