Surety is a special line of insurance that is used by the court system (and mediation) to guarantee the performance of an obligation. Surety bonds are used to provide monetary compensation in case the Principal fails to perform on the promised obligation. Unlike traditional insurance coverage, the risk remains with the principal but the protection is for the obligee. There are a vast array of surety bonds required by different facets of the court system, municipalities and the commerce department.
At PJT, we have over 50 years of experience in the surety industry ready and available to help your unique situation and needs. Our staff has been called upon to testify as expert witnesses regarding civil court surety claims in both the US District court and state court. Members of various state agencies regularly seek out PJT on questions of civil surety bonding.
Learn more about the different types of surety bonds below.
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