When man invented the cycle of commercial business relationship. It is inevitable that he has to enter into an agreement or contract with another entity to spell out the different points of their agreement or contract with another entity to spell out the different points of their agreement. This agreement created obligation for each party either to do or perform a certain thing; and in its desire to be protected against non-compliance to this agreement, Suretyship arose.
Suretyship refers to the contract among three parties - the surety who provides the guarantee or issue the bond, the principal or the party on whose behalf the guaranty is executed or the bond is issued, and the obligee on whose favor the bond is issued.
At United Insurance Company, Inc., we provide suretyship to suit your needs and protect your interest against losses from non-compliance to your contract. Our agents and underwriters will appreciate discussing the details of your requirements.