Surety Bonds

A surety bond is a three-party agreement that guarantees you'll fulfill an obligation. You, the principal, are backed by a surety company, which guarantees completion of the work or duty to a third party, the obligee, often a government agency or a client. Common types include contractor license bonds, permit bonds, performance and payment bonds, and court or fiduciary bonds. A bond is not insurance for you. It protects the party requiring it, and you repay the surety for any valid claim.

Many businesses can't operate legally without the right bond. Washington and Oregon require contractors to carry a license bond to register, and cities, states, and project owners often require specific bonds before you can pull a permit, bid a job, or sign a contract. A bond shows you're financially backed and trustworthy, which can open the door to larger projects. We help you identify exactly which bond you need and get it in place quickly.

What type of bond does the requiring party actually need, and for what amount? Is it a one-time bond or one you renew each year? How do your credit and business history affect your bond rate? Do you need a single bond or several for different jurisdictions or projects? Ask us and we'll match you to the right bond and market.