What is Surety Bond Underwriting?

Surety bond underwriting is the pre-approval evaluation by the surety of both the bond performance requirements determined by the obligee and the principal’s current financial situation to assess the risk related to the performance criteria and the principal’s ability to reimburse the surety should a claim occur. Bonds are financial guarantees of the principal’s performance to established criteria by the obligee. … Continue reading What is Surety Bond Underwriting?