Indiana Surety Bond Form is a type of financial guarantee issued by a surety company on behalf of a principal (obliged) to guarantee performance of obligations to the obliged. A surety bond protects the obliged from losses caused by the principal's failure to meet contractual or legal obligations and acts as a financial guarantee for the obliged. The types of Indiana Surety Bonds include Contractor Surety Bonds, Notary Bonds, Court Bonds, License and Permit Bonds, and Fiduciary Bonds. The Contractor Surety Bond is a guarantee of the contractor’s performance of a construction contract, while the Notary Bond guarantees the notary’s performance of his or her duties. The Court Bond guarantees the payment of a court judgment, and the License and Permit Bond ensures the applicant’s compliance with government regulations. Lastly, the Fiduciary Bond guarantees the faithful performance of a fiduciary’s duties.
Indiana Surety Bond Form is a type of financial guarantee issued by a surety company on behalf of a principal (obliged) to guarantee performance of obligations to the obliged. A surety bond protects the obliged from losses caused by the principal's failure to meet contractual or legal obligations and acts as a financial guarantee for the obliged. The types of Indiana Surety Bonds include Contractor Surety Bonds, Notary Bonds, Court Bonds, License and Permit Bonds, and Fiduciary Bonds. The Contractor Surety Bond is a guarantee of the contractor’s performance of a construction contract, while the Notary Bond guarantees the notary’s performance of his or her duties. The Court Bond guarantees the payment of a court judgment, and the License and Permit Bond ensures the applicant’s compliance with government regulations. Lastly, the Fiduciary Bond guarantees the faithful performance of a fiduciary’s duties.
