What is a General Indemnity Agreement?

The general Indemnity agreement or GIA is the legal contract between all parties involved. It ensures that in the event of a claim that the principal will reimburse the Surety for any monies paid on a claim including any legal expenses. Many Sureties or programs will require a corporate, personal, and spousal indemnity to ensure the bonds are properly secured. Make sure to review the documents carefully to understand
the agreement that you are signing.

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