A surety bond is a three-party contract and extention of credit in the form of a guarantee. For example, a Notary Public must be bonded to the State of Alabama for a guarantee that they will perform the service and follow the guidelines accurately and completely.
Common Types of Bonds We Provide:
Contract Bond- This type of bond guarantees that the contractor will perform the contract according to the contract specifics.
Court Bond- An example of a court bond includes the party assuming responsibiity of paying a fine to the court for wrongfully filing a restraining order.
Janitorial Bond- Janitorial bonds fall under the category of employee dishonesty. For example, a janitor, working after everyone else has gone home for the day, may steal out of an office.
License Bond- The party assuming responsibility for this type of bond guarantees that they will perform their business under state and local codes.
Notary Public Bond- A notary public is a public officer who administers oaths and has an official seal; they mainly attest to the signing of documents. They are bonded to the State of Alabama because they are acting as an agent to the state.
Permit Bond- Similar to a license bond, a permit bond guarantees that a licensed party will comply with the code in a particular situation permitted by the local governing body.
Probate Bond- These bonds are issued in probate court, usually for the estate of someone deceased. The executor, or guardian, of the estate must sign a bond stating their faithfulness and honesty for the law. These bonds can also be applied to wills, court orders, trust agreements, or minors.
Public Official Bond- Elected, or appointed, officials of any jurisdiction must sign a bond stating that they will perform the duties of their respective office.
