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Public Official Bond
(redirected from Public Official Bonds)

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Public Official Bond
A bond or insurance policy covering losses resulting from the negligence or mistakes made by a bureaucrat or other public official. For example, if a bureaucrat mismanages a government-owned bank account such that there are significant losses, the public official bond will compensate the government. See also: Public employees blanket bond.


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Dragon Surety offers a full range of Commercial bond products including License and Permit Bonds, Public Official Bonds, Court Bonds (judicial, admiralty, and fiduciary bonds), Service Bonds and ERISA.
NJSBAIG provides General Liability, Boiler & Machinery, Errors & Omissions, Worker's Compensation, Umbrella Liability, WC Self-Funded Accounts, Automobile Liability, Public Official Bonds, Property Damage, Crime, Discounted Appraisal Services, and WC Group Accounts to its member districts.
Its products include contract bid, performance and payment bonds, non-contract surety bonds such as public official bonds, license and permit bonds, court fiduciary and judicial bonds, and fidelity and crime insurance through select agents and brokers.
 
 
 
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