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We shop, place, and manage surety bonds on your behalf. Fast, simple, and built around your business.
What Is a
Surety Bond?
A surety bond is a written agreement that guarantees compliance, payment, or performance. Unlike insurance, it's a three-party contract — the protection flows to a third party, not the one paying the premium.
The business or individual who purchases the bond and commits to fulfilling an obligation. The principal is ultimately financially responsible if a claim is paid out.
The insurance or surety company that underwrites and guarantees the bond. If the principal fails, the surety pays the claim — then seeks reimbursement from the principal.
The entity that requires the bond and receives its protection — typically a government agency, licensing board, or project owner.
Surety Bond vs. Insurance
A surety bond involves three parties — the principal, the obligee, and the surety. It ensures the principal fulfills their obligations to the obligee. If the principal fails, the surety steps in, then seeks reimbursement from the principal.
Insurance is a two-party contract between the insurer and the insured. It protects against losses from unforeseen events. The insurer absorbs covered losses — no repayment is required from the insured.
Principal, Obligee, and Surety. This three-party structure is what fundamentally distinguishes surety bonds from all other financial instruments.
Insurer and Insured. A direct two-party arrangement where the company offering coverage contracts with the individual or business buying the policy.
Principal, Obligee, and Surety. This three-party structure is what fundamentally distinguishes surety bonds from all other financial instruments.
Insurer and Insured. A direct two-party arrangement where the company offering coverage contracts with the individual or business buying the policy.
Protection flows to a third party — the obligee — from the risk of the principal failing to fulfill their contractual or regulatory obligations.
Protection flows to the policyholder themselves, covering them against financial losses from accidents, theft, natural disasters, and similar events.
Protection flows to a third party — the obligee — from the risk of the principal failing to fulfill their contractual or regulatory obligations.
Protection flows to the policyholder themselves, covering them against financial losses from accidents, theft, natural disasters, and similar events.
Required to ensure adherence to legal standards or contractual obligations — especially in construction, professional licensing, and regulated industries.
Used broadly to protect against risk across health, life, property, and liability — serving as a safety net for individuals and businesses.
Required to ensure adherence to legal standards or contractual obligations — especially in construction, professional licensing, and regulated industries.
Used broadly to protect against risk across health, life, property, and liability — serving as a safety net for individuals and businesses.
When the surety pays a claim, the principal is ultimately responsible for reimbursement. Surety bonds function as a form of credit extended to the principal.
Insurance absorbs the financial impact of claims up to the policy limit. The insured is not required to repay the insurer for covered losses.
When the surety pays a claim, the principal is ultimately responsible for reimbursement. Surety bonds function as a form of credit extended to the principal.
Insurance absorbs the financial impact of claims up to the policy limit. The insured is not required to repay the insurer for covered losses.
Premiums are based on the perceived risk of the principal not fulfilling their obligations and the bond's total amount.
Premiums are determined by the likelihood and potential cost of insured risks, factoring in history, policy type, and coverage limits.
Premiums are based on the perceived risk of the principal not fulfilling their obligations and the bond's total amount.
Premiums are determined by the likelihood and potential cost of insured risks, factoring in history, policy type, and coverage limits.
Every Bond Type You Need in
One Place
We source and place bonds across every major surety category — leveraging Propeller Bonds' platform and our deep carrier relationships to find the right fit, fast.
Bid bonds, performance bonds, and payment bonds for public and private construction projects of all sizes.
Browse bonds →State-required license bonds for contractors, auto dealers, mortgage brokers, and other regulated industries.
Browse bonds →Appeal bonds, guardian bonds, administrator bonds, and all fiduciary surety obligations.
Browse bonds →Blanket fidelity and individual position bonds for elected and appointed government officials.
Browse bonds →CBP importer bonds, ISF bonds, drawback bonds, and other Treasury-regulated federal instruments.
Browse bonds →Employee dishonesty coverage, ERISA bonds, and financial institution fidelity programs.
Browse bonds →Get Bonded in Four
Simple Steps.
Select the Bond You Need
Choose your state and bond type. Complete our brief underwriting form in under 5 minutes.
Instant Approval
Review your quote and submit. Our platform instantly evaluates and approves — no manual review, no waiting.
Secure Payment
Pay securely through our portal with credit or debit card. Fully encrypted and protected.
Bond Issued
Your policy document is emailed instantly. We'll also handle the filing with the obligee.
The Difference a Dedicated Broker Makes.
Through Propeller's platform, 98% of standard bond applications are placed and issued the same business day, often within minutes of submission.
We submit your application across multiple carriers simultaneously, ensuring you receive the most competitive rate available, not just the first offer.
Not sure which bond you need? Our team has 25+ years of surety experience and will steer you toward the right bond type, amount, and carrier for your specific obligation.
Unlike direct platforms, you get a real broker managing your account. We handle renewals, track expiry dates, and are available when your obligee has questions.
Get Your Bond
Placed Today.
No commitment required. Tell us what you need and we'll handle the rest, advising, sourcing, placing, and delivering your bond through our platform.