You need to be protected for many potential financial disasters, and a surety bond (like an auto dealer bond) is one way to protect both you or your small business. There are many ways that a surety bond may benefit you. A surety bond protects the purchaser or the person who is expected a service rendered for them.
An example would be if your small business was being remodeled and you need it finished on time as agreed upon with the contractor. You could take out a surety bond to insure timely and quality work from your contractor and subcontractor. It sounds like insurance taken out by you to make sure that work you have hired for is up to your satisfaction. If the work is not done on time or to the terms in your agreement, the agency that sold you the surety bond would investigate. If fraud, incomplete work, shoddy workmanship is proven, than you would be paid accordingly. The pay out is dependent on the amount of bond you secured for this event or contractor.
In order to buy a surety bond, you need to look for a reputable agent. You must have excellent credit, solid financial reports, and an honest, reliable reputation. If all of these are in order, than you could buy your bond according to your personal or small business needs to prevent financial problems in the future.