Penal Sum
The maximum amount for which a surety company may normally be held liable under the bond. Also called the bond penalty. See also limit of liability.
Surety Bond Resources
Think a surety bond works like insurance? It doesn’t. You pay, but you’re still responsible. What is a surety bond?...
A landscaping bond is a type of business service bond that protects your clients from theft or fraud by employees....
A moving company bond is a surety bond that protects your customers if an employee steals or damages their belongings....
Questions?
Leo semper aliquet conubia nam aenean non iaculis egestas condimentum cursus nascetur, dignissim at imperdiet maecenas dapibus convallis tempus aliquam primis tincidunt faucibus, ultrices potenti quis mattis.