Platinum Insurance & Bonds Inc BBB Business Review  
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Platinum Bonds Insurance Agency
15615 Alton Parkway, Suite 450 Irvine, CA 92618
 
Toll Free Phone  (866) 409-2477 
CustomerService@PlatinumBonds.com
 

General Surety Bond Information

What is a Surety Bond?

A Bond is a guarantee between three parties. The three parties to a surety bond are:

The principal - is the one who is being required to obtain the bond.

The Obligee – is the one requesting the bond for financial security.

The Surety Company - guarantees the obligee that they will pay if there is a claim.

How the bond works:

The Principal and the Surety company stand “jointly and severally” (both 100% responsible) to meet the obligation of the bond.

The Principal and Surety are obligated to the Obligee. It is the Obligee, and most cases the general public who is protected and has the ability to claim on the bond.

It’s the Principal responsibility to pay all obligations that arise from their operations. If the Principal defaults on a claim, the Surety is obligated to pay on their behalf. They surety will then enforce the indemnity agreement to recoup their loss from the Principal.

Have more questions Call Toll Free (866) 409-2477 or click here to contact us.


Example Bond Form

Below is a Florida Motor vehicle dealer bond form. Most bonds follow a basic format.  The Florida Dealer surety bond is good example to show what is actually getting issued. Once the bond is typed and signed and sealed by the Surety it is sent to the Principal to be signed, then the Principal sends the bond to the Obligee.



  • Principal

  • Surety

  • Obligee

  • Terms

  • Daniel G
      5star   It's always nice working with trustworthy people who know what they're doing! Our companies have utilized their services for multiple bonds and these people are great at what they do.
  • Randall L
      5star   great service!!!! been with this company for years, never had a problem they have always went above and beyond to get my company the best rate possible, always treated with care and respect.
  • Angela C
      5star   ...on top of things always a quick response and always gets the bond and pricing my customers are looking for.
  • Oterias K
      5star   Platinum Bonds are the only Bonds Company I have full confidence in for all of my bond business. They are friendly professionals with fast service. I highly recommend them they are truly 5 Star!
  • Babatunde A
      5star   Nice professional service, quick responses and made the bond process easy. Highly recommend!
  • Andrew A
      5star   I needed a bond and saw others bond applications and dredged having to fill out the forms. Platinum was super simple and very fast. If you need a bond this is the place to go.
  • Brian T
      5star   Very quick to respond to questions, and get the bond we needed. We've renewed with them several times, and will definitely continue using Platinum Bonds in the future. Solid, professional group.
  • thomas g
      5star   Fantastic and quick service. Incredibly convenient and easily accessible. They were on top of what I needed from the start and great rates. I would highly recommend to anyone looking for bond services.
  • David S
      5star   Platinum Bonds always helps me get the deadline met even though I wait till the last minute every year. They came up with a solution for me when I had no hope and everyone else wouldn't take my company. Been with them ever since. Reliable and professional. Thanks again.
  • KYLE H
      5star   As an Insurance Agent within an Agency that sells bonds regularly and has dealt with many bond companies in the past, there is no other company that I have come across that has the professionalism and customer service as displayed by Platinum....
  • Laurie Y
      5star   Love this company! They are fast and affordable and a pleasure to do business with! Highly recommend!!!
  • JOHN M
      5star   Platinum Bonds has been an invaluable partner to my business assisting me with my Dealership bond as well as my DMV Registration service. They are always courteous, professional, and prompt with their service. If you are in the market for a bond of any kind I highly recommend....
  • Bobbie L
      5star   Great customer service, very good at meeting all insurance needs and requirements. Platinum Bonds has been a great asset for my company.
  • Dennis D
      5star   Very fast and efficient service with no hidden fees. Services were provided within minutes of telephone call. Thanks!
  • Sandra J
      5star   Wonderful company, and great people! Been with them for 5 years now, and couldn't ask for an easier experience! Fast, convenient, and very helpful!!!
  • steve c
      5star   Great Service hassle free and always pleasant to talk with. Finally a company that understands what customer service is suppose to be. Highly recommend. Thanks for all your help
  • Sheryl C
      5star   My partner and I just opened a business, the legal operation of which required a bond. Having just entered into our industry, we had questions along the way. They were always available, always promptly answered emails and returned calls, and answered every question we had....
  • Bill D
      5star   ...within a short time I received all necessary documents for a bond. I have been dealing with Platium Bonds for 5+ yrs and would very much recommend them.
  • Rick S
      5star   I have been purchasing my bonds for years with Platinum Bonds. The process is efficient and painless! Thanks for your professionalism.
  • Joyce S
      5star   We have been insuring with Platinum Bonds for about ten years and have never had any problems with the policy or the staff. In fact, the staff is extremely accommodating in handling all of the changes we send to them. I highly recommend this agency.
  • Lisa E
      5star   Platinum Bonds provided us with exceptional service. They were prompt, friendly, and very accommodating.
  • Terry r
      5star   They has been extremely helpful guiding me to the best deals possible for my clients. I am very grateful.
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Insurance Agents

We are a full service brokerage that offers competitive commission / fee structures for your surety bonding needs.

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