While the majority of the surety bonds you will see here at BuySurety protect consumers, the Utility Bond is issued to protect a business. In this case, the business is the utility company. When a utility company is requested to turn on utilities at a specific location, often in this case a large business, they may require a Utility Surety Bond be posted to ensure timely payment of the utility bill.
These types of bond, that are a financial guarantee, are becoming increasingly rare. However, if a utility company is requiring a Utility Bond from you before they turn on the service; you will need to get bonded before you can begin business with that utility company.