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Capacity Building and Education

What is the difference between Surety Bonding (Contract Surety) and Commercial Surety?

Contract Surety and Commercial Surety are the two main categories of surety bond issuance; however, they are separate and distinct product areas. Contract (surety) bonds, often known as construction bonds, are exclusively secured for contractors involved in construction projects. These include, for example, bid bonds, payment and performance bonds, and maintenance and supply bonds.

Commercial bonds are surety bonds with which there are no contracting guarantees associated. The commercial surety market has expanded substantially in recent years to include a wide range of bond types with innovative new products being added regularly. Generally, commercial bonds refer to “non-contract” surety bonds.

Examples of Commercial bonds include

License and Permit Bonds (bonds required by the government for a business to legally operate) and Public Officials Bonds (bonds required of public officials by the government which guarantee the integrity of performance of official duties).

Responding to the Paradox
with a
Pioneering Solution

Building and Sustaining
Subcontractor Capacity
for the Future

Services

As a minority-owned and certified full-service insurance brokerage and surety bonding firm, The Cayemitte Group is proud to partner with each of its clients to assist in managing corporate risks and position firms for opportunity and growth. TCG’s multidisciplinary approach offers a wide range of strategic, advisory risk management and consulting services, including capital management support. Our unique area of specialty is the development and support of small, veteran, minority and women-owned business enterprises (MWVBEs) via financial and operational capacity-building and education programs to help access capital and open doors to opportunity.

We welcome you to explore how we can be of service to you.

Responding to the Paradox
with a
Pioneering Solution

Building and Sustaining
Subcontractor Capacity
for the Future