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Bonds

Attract and establish stable bonding programs with surety partners

Rely on the Experts

First Citizens Insurance Services has the experience and knowledge not only to issue bonds, but to also help companies compile the financial information necessary to attract and build stable bonding programs with surety partners.

What Is A Surety Bond?

A surety bond is a promise to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation. This is a guarantee to Project Owners that the General Contractors will adhere to the provisions of a contract. These bonds are not exclusive to Contractors; it can include Supplier/Distributor or Manufacturer/Supplier relationships as well.

A correctly underwritten surety bond will protect against losses including, but not limited to:

Other Types of Surety Bonds

First Citizens Insurance Services will also provide the ongoing support services and insurance products that work in conjunction with bonds, including:

To learn more about surety bonds, please contact a First Citizens Insurance Advisor at 1.888.FCB INSURE (1.888.322.4678) between 8:00 a.m. and 5:00 p.m. Eastern time weekdays

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1.888.FCB INSURE (1.888.322.4678)

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