Bonds 101
At E. R. Munro and Company, we understand how confusing surety bonds can be. Typically, clients have never heard of a surety bond before being told by someone (the obligee) that they are required to obtain one.
It's at this time that many questions swirl around your head. What is a surety bond? How much do these things cost, and how do they work? Are they like insurance, or a savings bond, or neither?
Below is a guide we have put together of frequently asked questions about surety bonds, and the surety industry. Our goal is to provide a resource for anyone in need of a bond. If after you have scanned through our guide below and you still have questions, please let us know. We would love to answer your questions and through your feedback, add more content to this page, so that we can help even more people who are new to or confused by surety bonds.
