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Keystone Bonding Division

Full range of standard and non-standard bonds

Bonds

What are Bonds

A bond (or surety) is a third party guarantee of performance. The three parties bound by surety contract are:

  • The obligee - the party who is a recipient of an obligation,
  • The principal - the party who is performing the obligation,
  • The surety - the party assuring the obligee that the principal can perform the obligation

An insurance policy is when one party protects another party against losses due to an agreed upon risk. The surety typically guarantees an obligation for a government entity, but in today's economic climate, private business owners are more and more frequently requiring bonds. Banks are also requiring surety bonds as a condition of financing.

Keystone employs expert advisors that have unmatched training and experience, and possess the most thorough understanding of contractors' financial statements. 

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