Some business contracts require a third-party ensures the performance of the terms, that the work will be completed as specified, and that applicable laws and regulations have been met.

Surety bonds are legal contracts between three parties:

  1. Your business, that has to provide a bond (the principal) to secure work.
  2. Your client, who asks for the bond (the obligee), and,
  3. The insurance company that guarantees you will fill your contractual obligations, also known as the surety.

Surety bonds can also be required for those offering transportation or for-hire vehicle services. If you need surety bonds for any reasons in Maryland, Virginia, or Washington, D.C., talk to the insurance authorities at the Ashcraft Associates Insurance Agency in Alexandria, VA.

Surety Bonds Providers Serving VA, MD, and DC