Surety – the insurance organization or surety corporation that guarantees the obligation are going to be executed. Should the principal fails to conduct the work as promised, the surety is contractually responsible for losses sustained. European surety bonds can be issued by banking companies and surety corporations. If issued by https://mobilewebpage.net/en/all-articles/what-is-a-surety-bond-understanding-the-basics-of-surety-bonds-and-bond-insurance