A Surety Bond is a written promise from a surety company to another party requiring the bond who is the obligee, that a third party will fulfill the obligee’s requirements. The surety company stands jointly and severally with the person/company needing the bond for a specified bond amount required by the obligee. Suretyship is not insurance. Englade Boudreaux Waguespack will work with you to find outstanding products supported by value-added services to commercial banks, savings and loans, insurance companies, finance and loan companies, and credit unions.
Construction Bonds - Bid, Performance and Payment Bonds and Supply bonds for contractors with program capacity needs from “First Bond” to $25 million.
Fidelity Bonds - ERISA (Pension Plans), Business Services Bonds (Janitorial)
Financial Institution Bonds and D&O Coverage - Commercial Banks and Savings Institutions, etc.