Overview of Bonds:

What is a Bond?  A Bond guarantees the fulfillment of a legal obligation.

It is a three party agreement where the third party (surety) guarantees to a second Party (obligee or owner) the successful performance of the first party (the principal).

In essence, a bond is an extension of credit.  Surety company underwriters evaluate risk in ways much like a bank evaluates a loan application.  They take into consideration the type of business operation, personal financial statements, credit reports, credit references, job references, company performance and expertise. 

Let Appleby & Wyman guide you through the process of getting a bond in place.  Contact Regina Marquis, our lead surety bond specialist, for bonding assistance or additional bonding information:

Direct Dial: (978) 236-3606
Direct Fax: (978) 236-3706
email: rmarquis@applebywyman.com