Bonds
An insurance bond is a type of risk-management contract that guarantees a party’s performance, honesty, or contractual obligations. Unlike traditional insurance that covers losses, bonds act as a guarantee of payment to a third party (the obligee) if the principal defaults, with the expectation that the principal will reimburse the surety company.
Here are some of the types of bonds we can provide:
- Bid Bonds
- Performance & Payment Bonds
- Supply bonds
- License and Permit Bonds (Contractor License, Agent/Adjuster/Broker License, Professional License etc.)
- Alcoholic Beverage Compliance Bonds
- Probate Bonds (Administrator, Executor, Guardian)
- Trustee Bonds
- Public Official Bonds (Notary Public, Sheriff, and etc.)
- Court Bonds
- Fidelity Bonds
- Miscellaneous Bonds