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Bonds

Additional Information

When a prospective principal comes to a surety (a person or entity who agrees to be responsible for the debt or obligation of another) in need of a bond, so as to perform a function, or get a license, or appeal a court judgment, or get out of jail, or whatever else it may be that demands the guarantees provided by a surety, a delicate underwriting process begins. The surety is out to satisfy itself that there will be no default.