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Fidelity Surety

Fidelity Surety is offered by the organization as an agreement to pay one party a certain amount if a second party fails to meet some obligation. Fidelity Insurance Company states that the surety bond also known as bonds insurance protects the obligee against losses resulting from the principal's failure to meet the contract or obligation. The wikipedia states that normally the bond is between three parties:
  • The Principal: that is the primary party who will be performing the contractual obligation
  • The Surety: who assures the obligee that the principal can perform the task
  • The Obligee: the party who is the recipient of an obligation
It is through the surety bond that the surety agrees to uphold for the benefit of the obligee. The contractual agreement made by the principal if the principal fails to uphold its promises to the obligee.

Fidelity Surety Law Committee

Fidelity Surety Law Committee falls under the Association America. The committee works on the law of suretyship, forgery insurance and fidelity. It has been highlighted that suretyship is a very specialized line of insurance that is created whenever one party guarantees performance of an obligation by another party. The Fidelity Surety Law Committee is made up of lawyers, non-lawyer accountants, engineers and consultants.

Fidelity Surety Reinsurance

Fidelity Surety Reinsurance products include commercial surety, Fidelity - Financial Claim Institution and Commercial as well as contract surety. Its target clients are made up of regional companies, national account writers and specialty operations. Fidelity Surety Reinsurance looks at long term relationships whereby it sees enhancement of its client's businesses.

For more information and details about the company, you can check out its official web portal.

Website: http://www.fidelityinsgroup.com/

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