There is an enormous number of different types of surety bonds, just as there are many different types of obligations people can have to one another. Surety bonds are typically broken into two categories, commercial surety bonding and contract surety bonding (or construction surety bonding).
1. Commercial bonding includes a very broad range of surety bonds. Below are some general surety categories along with a few examples of bonds from each:
2. Contract bonding (or construction bonding) guarantees that a contractor or developer will fully complete the construction project for which they’ve bid according to specifications and will pay all laborers, subcontractors and suppliers. This type of surety bonding includes:
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.