Subrogation
The legal or equitable process by which a surety company obtains from a third party recovery of an amount paid out by the surety to the obligee or a claimant under the bond.
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?
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