Surety Bonds
A surety bond is defined as a three-party agreement that legally binds together a principal who needs the bond, an oblige who requires the bond and a surety company that sells the bond
Fidelity Bonds
A form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals. Examples of Fidelity Bonds are Employee Dishonesty Bonds, Janitorial Service Bonds, Pension Trust (ERISA) Bonds, to name a few types of fidelity bonds.
