How To Get Bonded

Surety Bonds For Construction

How to Get Bonded

Obtaining a surety bond is easier than you think

Recently, I received a bunch of messages from people wanting to know how to get bonded.  Some had expressed confusion over the difference between a surety company and a surety bond broker. The fact is, getting bonded means the same thing as getting a surety bond.

Surety companies are actually one of the three entities in a surety agreement. They underwrite the surety bond and are liable for providing monetary compensation if a certain set of obligations are not met.

Although there are numerous surety companies, the following companies are the leaders:

1. Travelers
2. Liberty Mutual
3. Zurich in North America
4. CNA Insurance Group
5. Chubb Surety

But surety companies do not sell directly to the principal. They sell through surety bond brokers. A broker is the sales entity that builds relationships with businesses such as contractors, car dealerships, insurance agents, and more. By securing such relationships, the brokers can earn repeat business in their local markets and facilitate market share on behalf of the surety companies themselves. One of the best surety bond brokers is BuySurety.com.