Surety bonds show you mean business

Protect yourself with a professional “seal of approval.”

Start My Quote
What is a surety bond anyway?

You may be in a profession that can’t do your work without a business license or other permit. Your local government may require a surety bond to make sure you’ll keep your obligations.

A surety bond is:

  • A 3-way agreement between you, an insurance company and a government authority

  • If you violate your license or permit, the government authority is compensated

A Mylo advisor can help you save money while finding the right surety bond for your profession.

Start My Quote
Fast facts about surety bonds
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.)
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.
Looking for online accounting?

Fill out the quick form below to learn how Mylo's expert partner (and the world's largest virtual accounting firm) 1-800Accountant can help you:

Want a financially healthier business?

Our expert partner Nav can match you with the best available credit card or loan – and may be able to improve your credit score through Nav Prime.

Get Started
The right coverage? Surprisingly simple.