« Back to Glossary Index

The maximum amount a surety bond company must pay under a surety bond. The penal sum is usually the same as the amount written on the bond except in the case of bid bonds where the penal sum is expressed as a percentage of the Principal’s bid amount.

Vice President at Axcess Surety
Vice President of Axcess Surety. Surety Bond and financial expert dedicated to helping contractors, businesses and individuals understand and obtain surety bond credit.
Josh Carson, AFSB
Latest posts by Josh Carson, AFSB (see all)
Contact Us

Axcess Surety is the premier provider of surety bonds nationally. We work individuals and businesses across the country to provide the best surety bond programs at the best price.

Headquarters:
5440 W 110th St Suite 300-2
Overland Park, KS 66211
12288 S. Mullen Rd.
Olathe, KS 66062
Copyright © 2024 Axcess-Surety.com ・All Rights Reserved Worldwide
magnifiercrossmenu
Verified by MonsterInsights