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Electronic bond & guaranty process and business method

  • US 20010039524A1
  • Filed: 05/03/2001
  • Published: 11/08/2001
  • Est. Priority Date: 05/03/2000
  • Status: Active Grant
First Claim
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1. A method for providing bond or guaranty coverage, the method comprising the steps of:

  • providing an online site having a server operable to receive a bond or guaranty request;

    receiving from a first entity a bond or guaranty request;

    issuing a bond or guaranty in response to bond or guaranty request; and

    generating a unique identifier suitable to display on a computer network evidencing to a second entity that a bond or guaranty is in effect with respect to transactions involving a first entity.

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