We offer a wide array of surety products backed by financial strength and customer service. Let our decades of experience benefit your business.
What is a Surety Bond?
A surety bond is a legal contract between a principle (such as a business owner), a surety (such as an insurance company), and an obligee (such as a general contractor) in which the surety guarantees that the principle will act in accordance with the terms established by the bond.
What Types of Surety Bonds Are There?
- Contract Bonds for Contractors include:
- Bid bonds
- Maintenance bonds
- Payment bonds
- Performance bonds
- Supply bonds
- Commercial Services Bonds include:
- ATM Bonds
- Fuel Tax Bonds
- Hunting and Fishing License Bonds
- License and Permit Bonds
- Lottery Bonds
- Motor Vehicle Dealer Bonds
- Notary Bonds
- Official Bonds
- Precious Metal Bonds
- Repairer Bonds
- Sales Tax Bonds
- Salesman Bonds
- Tax Bonds
- Tire and Waste Hauler Bonds
- Title Bonds
- Union Bonds
- Utility Bonds
- Vehicle Verifier Bonds
- Wage and Welfare Bonds
Who Needs Surety Bonds?
You may be asked by a client to buy a surety bond. Bonds are also frequently required for obtaining a business license or permit. If you are a contractor who want to bid or perform work on a construction project, you might be required to acquire a bond.
*The specific coverage provided will depend on your policy.
Learn more about other types of insurance products we offer:
- Commercial Property Insurance
- Commercial Umbrella Insurance
- Environmental Liability Insurance
- General Liability Insurance
- Errors and Omissions Insurance
To learn more about surety bonding services, reach out to us or call 1-800-533-0472.
“The information herein is intended to provide general information and recommendations for risk prevention only. It should not be considered legal advice or an offer of insurance. The recommendations herein may help reduce the risk of loss, but there is no guarantee that they will result in reduced losses, claims, premiums, experience modification factors or general insurance costs. Coverage will be determined solely by the terms of your policy, if approved for issue. Consult with a qualified professional to discuss questions specific to your circumstances.”
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Risk Management
The ability to anticipate potential losses and choose the best prevention solutions lies at the heart of risk management. Learn more about our proactive approach to risk management.