QUESTIONS? CALL US: 909. 919. 2432INFO@SIERRASUMMITSURETY.COM
QUESTIONS? CALL US: 909. 919. 2432INFO@SIERRASUMMITSURETY.COM
 

ABOUT SIERRA SUMMIT

 
Sierra Summit Surety started business in 2007. Originally founded by Bill Shupper and Ray Gail. Bill retired at the end of 2010 and Ray continues as the CEO/President. We are a reliable full-service surety agency with over 30 years of dependable experience. Ray started his career with the iconic Lou Jones & Associates agency in 1984. Ray would hold the title of Chief Operating Officer before the business transitioned to Arch Insurance Company. Ray served as an Assistant Vice President, Surety, for Arch until he left to start Sierra Summit Surety with Mr. Shupper.
 

Sierra Summit Surety: Let Us Help You Be Successful.

 
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Sierra Summit Surety issues bonds that allow you to be compliant to Federal, State, or Local regulations. We also issue bonds that support contractual work. The bonds provide the necessary trustworthiness and guarantees so that you can concentrate on what you do best.

 

WHAT WE DO

 
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QUESTIONS? WE HAVE ANSWERS.

 
What Is A Surety Bond?
A surety bond is an instrument of guarantee issued by the Surety on behalf of the Principal and for the benefit of the Obligee. The bond guarantees that the Principal will perform their obligations as legally or contractually required by the Obligee. In simpler terms, the Surety is standing behind the Principal’s commitment to the Obligee just like a cosigner would and would step in and be responsible should the Principal fail to perform their obligation.
How Do I Apply For A Bond?
First, determine what type of bond you will be needing. Second, complete the appropriate application or questionnaire: Contract, Subdivision, Commercial, or Fidelity/Court. Three, submit the application or questionnaire along with the required supplemental information. This information typically would include financial statements and the documents necessary to understand the bonded obligation such as contracts, agreements, licenses, and required bond forms.
What Is Indemnity And Why Is It Required?
Indemnity is an agreement of the Principal to hold the Surety harmless from all loss and expense resulting from a bond claim. Suretyship is as much a financial relationship as it is an insurance relationship. The Surety will require restitution from the Principal and those signing the Indemnity Agreement, should they experience a loss resulting from a default of the Principal’s obligation guaranteed by the bond.
 
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Sierra Summit Surety: Let us help you be successful.Contact Us

FAQ

What is a Surety Bond? A surety bond is an instrument of guarantee issued by…

WHAT WE DO

Suretyship is a three-party equation. The Principal is the party who is required…

FORMS

Here at Sierra Summit Surety, we believe in helping you through the entire…