If a claim is made against your surety bond, the surety company will investigate the claim to determine its validity. If the claim is found to be valid, the surety will compensate the obligee up to the bond amount. However, the principal (your business) is ultimately responsible for repaying the surety for any claims paid out.
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Sacramento insurance news & money saving tips
If you want to keep up with the latest Sacramento insurance news stories and headlines, Castro Property & Commercial Insurance Agency features an informational blog that covers emerging news and informative insurance-related topics, such as tips and tricks for saving money that may be useful to you; our clients.
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