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What is a Surety Bond?
A surety bond is a guarantee - what the bond specifically guarantees depends on the language of the bond. Surety bonding is a form of credit, not insurance. However, many are mislead to believe so, as many refer to surety bonds as surety insurance or surety bond insurance. Surety bonds are a three party agreement that acts as insurance for the obligee, the party requiring the bond (usually the government) of the principal (you).
Sales Tax Bond
A sales tax bond is a commercial bond that guarantees a company's payment of sales tax to the government.
Insurance Broker Bond
An insurance broker bond is required in some states and will require a license bond to guarantee the performance of insurance brokers within their state.
Pacific West Bonds has access to all major bond companies for all types of surety bonds specializing in the needs of contractors including license, disciplinary, performance, payment and bid bonds. We also specialize in Auto Dealer, DMV and Insurance Broker Bonds
Please contact us by either phone or email we will be happy to assist you!