Surety

Surety

A legally binding contract that ensures obligations will be met among the following three parties:  the principal (the entity that requires the obligee to procure the surety bond), the obligee (whoever needs the surety bond) and the carrier (who provides the surety bond to the obligee – which guarantees it’s performance to the principal).

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JMBI is a privately held firm serving a global roster of more than 2,000 clients. We are leaders in Commercial Property & Casualty, Benefit Solutions and Private Client solutions and services. JMBI's strong business perspective delivers risk management plans to support clients' business strategies and meet the challenges of an evolving, increasingly complex world. Our boutique culture drives our client-first model of hands-on service, while our leading industry insights, market relationships and specialty network of partners deliver best-in-class results for clients across business sectors, geographies, size and scope.

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