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What is a Surety Bond?

A surety bond is a legally binding contract between three parties: an Obligee, a Principal, and a Surety. The surety bond ensures that certain contractual obligations will be met.

The Principal is the business or individual that requires the bond. A surety bond guarantees that the Principal will act professionally and comply with all of the rules, regulations, laws, and contractual requirements. If a Principal violates any of their bond’s terms, claims could arise.

HCP National is a WBENC & MBE certified insurance brokerage. We can help you secure an affordable Surety or Fidelity bond that meets your requirements, instantly. Click here to access our instant surety and fidelity bond portal.

Types of Bonds for Businesses and Individuals:

Surety Bonds

A surety bond is a three-party agreement whereby the surety guarantees the faithful performance of the principle to the obligee

Fidelity Bonds

Fidelity bonds indemnify the insured for loss caused by dishonest or fraudulent acts of its employees that are proven in fact. Fidelity bonds are also known as Dishonesty Insurance or Crime insurance.

Bonds HCP National Provides:

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Since 1994 – HCP’s top priority is finding clients the best possible coverage and terms at the lowest possible cost. HCP is a certified diverse (MBE & WBENC) insurance brokerage.