Barry Insurance Group
4418 Broadway St
Pearland, TX 77581
When it comes to surety bonds, the professionals from Barry Insurance Group can help you with any of your commercial or contract surety needs.
A surety bond is a contract between three parties—the principal (you), the surety (us) and the obligee (the entity requiring the bond)—in which the surety financially guarantees to an obligee that the principal will act in accordance with the terms established by the bond.
A Surety Bond is a written agreement in which the Surety agrees to guarantee the performance and obligations of the Principal to the Obligee. The Principal’s commitments to the Obligee may be to perform a service to certain standards or to comply with some requirement such as licensing or permitting. It is important to understand that the Surety Bond is a credit relationship and NOT an insurance policy.