Insurance Services of Michigan

Probate Bond Application

Surety Bond Applications

Notary Public Application

Surety Assoc of America

City of Detroit

The purpose of a surety bond is to protect public and private interests against financial loss. Suretyship is a very specialized line of insurance that is created whenever one party guarantees performance of an obligation to another party.
There are three parties to the agreement:

The principal is the party that undertakes the obligation.
The surety guarantees the obligation will be performed.
The obligee is the party who receives the benefit of the bond.

	What is a Surety Bond? A surety bond is a written agreement that usually provides for monetary compensation in case the principal fails to perform the acts promised. There are different types of surety bonds, but the two general categories are contract and commercial surety bonds.
	Commerical Bonds License and Permit Bonds Public Official Bonds Fiduciary Bonds Court Bonds Bankruptcy Trustee Bonds	Contract Bonds Bid Bonds Payment Bonds Performance Bonds Maintenance Bonds Supply Bonds

	What is a Fidelity Bond? A fidelity bond is often referred to as “honesty insurance” because a fidelity bond indemnifies the insured for the loss caused by the dishonest and fraudulent acts of its covered employees. In addition, a fidelity bond typically covers the insured against the following:
	* Forgery or Alteration * Loss inside the premises caused by theft, disappearence and destrucation, and robbery and safe burglary; * Loss outside the premises caused by robbery of a messenger. These coverages sometime are referred to as Crime Coverage
	Fidelity bonds : Janitorial Services Bonds Employee Dishonest Bonds Pension/Trust (ERISA) Bonds



CNA Surety understands the needs of its customers and has built itself to be responsive, flexible and focused on satisfying the unique requirements of each one of its customers. We can provide custom-tailored surety solutions to virtually all segments of the market, regardless of size or circumstance		Merchants Bonding Company specializes in contract and commercial surety bonds, with an “A” (Excellent) rating from A.M. Best for 50 consecutive years. We provide contract surety bonds, commercial license and permit, notary, probate, public official, and fidelity bonds.