For example, with license and permit surety bonds the principal is typically the party applying for a specific license or permit required to operate their business, such as a mortgage broker, insurance agent, auto dealer, contractor or health club owner. The obligee is the party granting that license or permit to the principal. The bond is the financial agreement that the principal will operate their business according to the laws and regulations for that particular industry within that state.
Alpha Surety is a nationwide surety bond broker offering simple, fast solutions for all types of surety bonding in all 50 states. We offer our customers extremely competitive pricing with multiple national carriers as well as world class support. For a free consultation about your surety bonding needs, please call 510-435-8425 or contact us. Or, to apply for a free quote, please complete our surety bond application.