Commercial surety bonds are used as a promise to pay one party a certain amount if a second party fails to meet an obligation, i.e. fulfilling the terms of a contract. The surety bond protects a client (obligee) against losses resulting from a business’ (principle) failure to meet their obligations. Commercial bonds are generally required by state laws.
First Texas has the expertise and broad market representation to help you find the commercial surety bonds you need to do business, support growth and expand your bonding capacity.
Examples of the types of commercial bonds we provide:
- Contract Bonds
- Professional Service Bonds
- Payment and Performance Bonds
- License and Permit Bonds
- Fidelity Bonds
- Judicial and Court Bonds