Carvo Financial Group

What Are Surety Bonds? Surety bonds are agreements involving three parties—the principal, the obligee, and the surety. They guarantee that the principal will fulfill their obligations to the obligee, and if they fail, the surety ensures compensation. These bonds are commonly used in public construction, professional services, and among businesses that need to guarantee contractual […]

What Exactly Are Surety Bonds? Surety bonds are a type of financial guarantee involving three parties: the principal (the party that needs the bond), the obligee (the party requiring the bond), and the surety (the party that guarantees the principal can fulfill their obligations). They are commonly used in construction projects, business licensing, and court […]