You may wonder what exactly the term ‘surety’ means. Surety is the guarantee of debts of one party by another. A surety bond is an instrument by which one party becomes legally liable for the debt, default or failure of another party. Surety bonds are three-party agreements designed to prevent loss.
At Hoffman Hanafin, we serve as a surety company authorized to do business by the state insurance commissioner. We offer a full range of surety bonds necessary for undertaking large-scale construction projects. We’ll work with you to determine the best surety solution for your project to keep you on time and on budget.