A surety bond is an agreement in writing that provides for monetary compensation in which one party guarantees performance of an obligation by another party. The person who undertakes the obligation is called the “principal” and the “surety” guarantees that the obligation will be fulfilled.
Auburn Insurance & Realty Co., Inc. located in Cranston, Rhode Island, offers surety products ranging from very small commercial bonds to large contract bonds. We can help you make the most of your surety credit for a service contract, a construction job or whichever project you may be pursuing.