| ABOUT BONDING |
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| A surety bond is a three way agreement with a surety company that guarantees an individual or company (the bond principal) will do exactly what it committed to its customer (the obligee). |
| If the bonded individual or company does not fulfill its obligations the surety company will compensate the customer for the loss. In fact, bonds are written with no expectation of loss. |
| The fundamental concept of surety bonding is that because the bonded company has a stellar record and reputation, default and non-performance are highly unlikely. |
| A surety bond is written with the belief that the bonded party either performs his or her obligations or reimburses the surety company in the event of default. |
| The pre-qualification process included in surety bond underwriting is intended to minimize the risk of loss. buySAFE's goal is for every online transaction to go as planned - safely and without surprises. We have verified the seller's identity, financial stability, and ability to honor their sales terms and conditions. |
