How long have bonds been around? Thousands and thousands of years, say some historians. One stone tablet written in cuneiform characters was discovered in 1889 during an archaeological dig at Nippur, in Mesopotamia, now present-day Iraq. The bond dates back to 2400 B.C. The bond would have been drawn up by a professional scribe or notary and included the names of four witnesses who then impressed their seals onto the tablet & served as binding legal agreement, similar to the process now. This particular bond guaranteed the payment of grain by the principal and the surety bond guaranteed reimbursement if the principal failed to make payment. Corn was the currency of that time period.
Wherever the road takes your business our dedicated surety team still follows the same principles, execution, and provides the necessary tools to secure whatever your businesses bonding needs are.