Suretyship
There are three parties to the Contract of Suretyship:
1.) The Surety Company which provides and guarantees on behalf of another party the performance of an obligation.
2.) The Principal in whose behalf the guaranty is executed or the bond is issued for the performance of an obligation in favor of the third party.
3.) The Obligee, where the Company undertakes to indemnify for whatever loss he might suffer if the Principal fails to comply with his contractual obligations.
Milestone Insurance, your Surety Company, offers a diverse type of bonds that caters to the surety or bonding requirements in favor of private or government entities whether it be for Individual, Single Proprietor, Corporation, Non-Government Organization and Cooperatives.
With our technical expertise on this particular line, we can assure our clients of quick response to your questions or requests.