Sterling Insurance Co,Inc- Legazpi Br.-II

10/02/2026

URGENT HIRING !!!

kindly send us your cv/resume to
[email protected] or you can walk in to our office located at V& O Bldg. 2nd floor Lapu-lapu street, legazpi city

26/12/2025

Happy holidays from all of us at Sterling Insurance. We extend our best wishes for a joyful holiday season and a successful year to come.

10/10/2025

Happy 65th Anniversary Sterling Insurance Company, INC. 🥳✨

We go further to serve you better ✨

31/07/2025

LOOK: The A3 Construction and Supply receives a Plaque of Appreciation during their Anniversary🤍

This Plaque of Appreciation is respectfully presented to valued stakeholders of A3 Construction and Supply for their steadfast commitment and invaluable contributions to the continued growth of the company for the past 10 years. Their unwavering support has played a vital role in advancing our shared goals and sustaining our service to communities and clients.
ION & SUPPLY
Awarded this 13th day of July, 2025 at Tres Hijos Hotel and Resort, Brgy. San Isidro, Sto. Domingo, Albay.

Growing, Going Further to Serve You Better
Legaspi Branch - II

31/07/2025

Compulsory TPL INSURANCE!!

Sterling Insurance Company Inc
Legazpi Branch II
Happy to serve you better ✨

06/06/2025

Wishing our Muslim Brothers and Sisters a peaceful and blessed EId al- Adha. May this sacred day bring joy, unity, and prosperity to all.
Eid Mubarak!

01/05/2025

Happy Labor Day!

May this day bring recognition and appreciation for the valuable contributions of every Filipino worker.

Salute to all Filipino workers! 🤝

22/04/2025

URGENT HIRING !!!
kindly send us your cv/resume to
[email protected] or you can walk in to our office located at V& O Bldg. 2nd floor Lapu-lapu street, legazpi city

05/02/2025

12/11/2024

What is a Surety Bond?
A surety bond is a contract, guaranteeing that a legal agreement will be completed. It is commonly used to ensure that performance is completed under the terms of a contract. A bond agreement involves the participation of the following three entities:
• Principal – the party that purchases the bond and undertakes an obligation to perform an act as promised.
• Surety – the insurance company or surety company that guarantees the obligation will be performed. If the principal fails to perform the act as promised, the surety is contractually liable for losses sustained.
• Obligee - the party who requires, and often receives the benefit of— the surety bond. For most surety bonds, the obligee is a local, state or federal government organization.
Thus, the surety bond is a promise to pay the obligee if the principal does not perform under the contract. The surety makes the payment to the obligee. In exchange for this service, the principal pays a fee to the surety for as long as the surety bond is outstanding. In cases where the financial resources of the principal are in doubt, the fee will be quite high, or the surety will insist that all or most of the bond be kept in escrow during the term of the bond.
If there is a claim by the obligee for reimbursement under the surety bond, the surety will investigate the claim, pay it if the claim is valid, and then turn to the principal for reimbursement.
The principal agrees to enter into a surety bond arrangement in order to mitigate the risk to the obligee that the contract between the two parties will not be fulfilled. Also, it is common practice in some industries (particularly the government and construction sectors) to always require a surety bond of any party that does a certain minimum amount of contractual business with an entity.
While a surety bond does show that a business has a certain amount of capital, it also acts to block smaller competitors unable to obtain a surety bond from bidding against them. Thus, a surety bond tends to reduce competition within an industry.
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