For years now, JEVCO's Surety has earned an enviable reputation among small, medium and large businesses thanks to the sophisticated advantages, its openness, expertise and service excellence.

Surety simply means providing a guarantee against the non-execution of an obligation. There are many different types of obligations; it may be contractual, in the form of erecting a building, in which case the guarantee is called a performance bond. It can also cover the obligation to respect laws or municipal regulations in which case the guarantee comes under the category of miscellaneous bonds.

In insurance, the insurer compensates the insured for damages incurred (often an accident). In Surety, the Surety Company guarantees the obligations of its client (Principal) to a third party (the Obligee) . In insurance, the insurer foresees a certain number of claims that will be paid from all insurance premiums. In the Surety underwriting process, claims are never anticipated, and the Surety is always indemnified by its client (Principal). The Surety process is similar to banks extending credit.