A Surety Bond is a three-way agreement between a "Principal" (you!), an "Obligee" (a party with specific requirements you have to meet) and a "Surety" (someone who will guarantee the requirements are met - usually an insurance carrier.)
- EXPERIENCE50 years
Shopping for top-rated Surety bonds?
If you're in a profession that requires a business license or important permit, Mylo can make it easier by hooking you up with a Surety Bond.
A Surety Bond is a three-way agreement between you, a governmental body and a bond provider. A Surety Bond gives you a "seal of approval" as a professional. If you violate your license or permit, the bond compensates the appropriate governmental authority.
Mylo's licensed agents know your specific business and the best way to meet your obligations.
We make it easy for you to shop for Surety Bonds ... and find the option that will keep you in business.
Want to learn more about your industry first? We're on it.
Fast facts about Commercial Surety Bonds
Surety Bonds are usually issued by insurance companies, but there's one big difference. Instead of covering you when something goes wrong with an agreement, the bond issuer reimburses the other party.
The bond issuer (Surety) steps in and pays what you agreed to pay.
Top 3 reasons to choose Mylo
We're part of Lockton, the world’s largest independent insurance broker, connecting people to top-rated plans for 50+ years. We're pros at knowing what your business needs.
Our friendly licensed agents screen top-rated plans from the most trusted providers around – and guide you to the best combo of comprehensive coverage and affordable price.
You save serious time and effort by comparing a wide range of plans tailored to you in one convenient place. Call us to see how surprisingly easy it can be!
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