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 |
| Contract
Bonds: |
|
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. |
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| 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. |
|
| Miscellaneous
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.
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. |
|
| Miscellaneous
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. |
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