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What is a surety bond?
A surety bond is not an insurance policy. It is an extension of credit that assumes that the legal obligation will be fulfilled and there will be no loss.

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Why do I need a surety bond?
A bond guarantees the fulfillment of a legal obligation. It's a three-party agreement where the third party (surety company) guarantees to a second party (obligee or owner) the successful performance of the first party (principal).

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