Surety – the insurance enterprise or surety firm that ensures the obligation will probably be carried out. If the principal fails to complete the work as promised, the surety is contractually chargeable for losses sustained. Here is the guarantor on the agreement. It is normally an insurance / bonding organization https://mobilewebpage.net/en/all-articles/what-is-a-surety-bond-understanding-the-basics-of-surety-bonds-and-bond-insurance