This category includes Bid or Proposal Bonds, Performance Bonds, Payment or Labor and Material Bonds, Maintenance Bonds and Supply Bonds. These bonds ordinarily are required by state or federal law or by the project owner.
Court Bonds - Fiduciaries:
This type of bond is given by a Court Fiduciary to secure the faithful performance of fiduciaries' duties and compliance with the orders of the court having jurisdiction. Typical bonds within this category include Administrators, Executors, Guardians, Trustees Under Will, Liquidators, Receivers and Masters.
Court Bonds - Judicial Proceedings:
This type of bond is required when litigants seek to avail themselves of privileges or remedies which are allowed by law only upon condition that a bond with surety is furnished for the protection of the opposing litigant or other interested party. Typical bonds within this category include Injunction, Appeal, Indemnity to Sheriff, Mechanic's lien, Attachment, Replevin and Admiralty.
License and Permit Bonds:
This category consists of any bond required by state law, municipal ordinance, or by regulation and, in some instances, the Federal Government or other agencies as a condition precedent to the granting of a license to engage in a particular business or the granting of a permit to exercise a particular privilege. In general, the terms "License" and "Permit" are used interchangeably. Typical bonds in this category include Contractor's License, Motor Vehicle Dealer Bonds, Securities Dealers' Blue Sky Bonds, Employment Agency Bonds, Health Spa Bonds, Grain Warehouse Bonds, Liquor Bonds, and Tax Bonds.
Public Official Bonds:
This type of bond guarantees the faithful performance of duty by a public official in position of trust. Such bonds are given to comply with statute and, therefore, guarantee whatever liability that statute imposes. Typical bonds within this category include Treasures, Tax Collectors, Sheriffs, Constables, Judges, Court Clerks and Notaries.
Bonds that Protect the U.S. Government:
Various agencies of the Federal Government require or accept surety bonds for a number of different obligations, such as Immigrant Bonds, Excise Bonds, Customs Bonds, and Alcoholic Beverage Bonds.
This category includes other types of bonds that do not fall into the categories outlined above, such as Lost Securities Bonds; Lease Bonds; Utility Bonds; Bonds to Guarantee Employer Contributions for Union Fringe Benefits; and Workers' Compensation Bonds and Self-Insures.