Principal (Bond)

On a surety bond, the party who must perform the obligation — like the contractor promising to finish the job. One of the three points of the bond triangle.

This is a friendly general explanation, not legal or policy language. Exact coverage depends on your policy, carrier, and state. 🤝

Written and reviewed by the We Insure Things team — licensed independent insurance agents. Last reviewed July 23, 2026. Questions? Ask a licensed agent.