Surety bonds mitigate risk and protect your financial interests. They are a legally binding contract that allows us to financially guarantee that a bond purchaser will meet their commitment to whoever requires the bond. It is a contract between three parties:
- The principal is you – the person or business who purchases the bond to guarantee work performance
- The oblige is the person or organization (often a government agency or entity) that requires the bond
- The surety is the insurance carrier – the company that financially guarantees the principal can fulfill the obligations
Auto dealers, contractors, construction companies and many other businesses in Sleepy Hollow, Tarrytown and throughout Westchester County, NY and surrounding states count on Rey Insurance to write license and permit bonds, construction bonds and commercial bonds.