SURETY
What is it?
Surety bonds are a critical risk management tool used to guarantee that contractual and legal obligations will be fulfilled. Unlike traditional insurance, a surety bond is a three-party agreement between:
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The Principal: The party (typically a contractor or business) that is obligated to perform the work or fulfill the contract.
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The Obligee – The party (usually a project owner, government agency, or client) that requires the bond and is protected if the principal defaults.
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The Surety – The insurance company or bonding entity that provides the financial backing and ensures obligations are met.
If the principal fails to perform, the surety will either step in to fulfill the obligation or compensate the obligee for financial losses, up to the bond amount.
What we offer
Cavalry Insurance Services Surety expertise enables us to offer a variety of solutions from minor compliance problems, up and through major financial guarantee requirements.​​
No matter what your industry type, Construction, Agriculture, Banking, Law, or Transportation, from Boardroom to Courtroom to Classroom, we have the capability and product pairings to match your needs. We are able to place contract bonds for performance guarantees, license and permit bonds for clients engaged in a variety of industries, along with financial guarantee instruments to support financial obligations.
Submission Requirements
Due to nature of this insurance, a full application is needed​. Please proceed to the application details below:
Please contact your underwriter OR email your submissions to submissions@cavalryins.com