What Is A Bond?
For simplicity, a bond is a way for someone to secure a debt.
It is a way for you, the purchaser to pay a small amount up front for an insurance company to guarantee something on your behalf to another party. In the real world, bonds can be issued by a government, municipality, corporation, federal agency and other entities.
Click below to go to our innovative bond portal. You can quote, bind, and issue a bond in less than 5 minutes! Note that some types of bonds and higher bond amounts aren't eligible for online instant issue and will require additional underwriting.
It is a way for you, the purchaser to pay a small amount up front for an insurance company to guarantee something on your behalf to another party. In the real world, bonds can be issued by a government, municipality, corporation, federal agency and other entities.
Click below to go to our innovative bond portal. You can quote, bind, and issue a bond in less than 5 minutes! Note that some types of bonds and higher bond amounts aren't eligible for online instant issue and will require additional underwriting.
Insurance companies can issue different bonds for different circumstances. Below are a few of the common types of bonds we help issue for clients:
Surety Bond
A surety bond is a contract between three parties: you (the purchaser), another party, and an insurance company. The bond guarantees you will perform a contractual obligation to the other party. If you don't, the insurance company will pay the other party for the face value of the bond.
Construction Bonds or Contract Surety Bonds
Contractor bonds are one of the most “popular” bonds you will see asked for in the insurance space. Contract bonds are used in the construction industry by general contractors, real estate investors and developers, and local governments. They are a guarantee that a project will be finished and adhere to certain standards.
There are different types of Construction Bonds:
License And Permit Bonds
These bonds work as a guarantee to a government entity that a business will adhere to certain laws and regulations.
Some examples are but not limited to:
Fidelity and Miscellaneous Commercial Bonds
Fidelity bonds protect against employee misconduct like fraud, theft, and embezzlement. Miscellaneous commercial bonds work as a guarantee that businesses pay all appropriate taxes and follow all applicable regulations.
Some examples are but not limited to:
As a local independent agency, it's our job to help clients find the best bond to fit their bond requirements. Give us a call today at 678-250-8133 or submit your request online to get your bond needs taken care of quickly and inexpensively!
Click below to go to our innovative bond portal. You can quote, bind, and issue a bond in less than 5 minutes! Note that some types of bonds and higher bond amounts aren't eligible for online instant issue and will require additional underwriting.
Surety Bond
A surety bond is a contract between three parties: you (the purchaser), another party, and an insurance company. The bond guarantees you will perform a contractual obligation to the other party. If you don't, the insurance company will pay the other party for the face value of the bond.
Construction Bonds or Contract Surety Bonds
Contractor bonds are one of the most “popular” bonds you will see asked for in the insurance space. Contract bonds are used in the construction industry by general contractors, real estate investors and developers, and local governments. They are a guarantee that a project will be finished and adhere to certain standards.
There are different types of Construction Bonds:
- Bid Bond
- Performance Bonds
- Payment Bond
- Supply Bond
- Maintenance Bond
- Erosion Control Bond
- Site Improvement Bond
- Subdivision or Real Estate Development Bond
- Completion Bond
- Landscape Contractor Bond
- Farm Labor Contractor Bond
- And More
License And Permit Bonds
These bonds work as a guarantee to a government entity that a business will adhere to certain laws and regulations.
Some examples are but not limited to:
- Contractors License Bonds
- Tax Bond
- Environmental Bonds
- Right of Way (ROW) Bond
- Alcohol Liquor License Bond
- Credit Services Organization Bond
- Driving School Bond
- Agricultural Products Dealer Bond
- Broker’s Bonds
- Motor Vehicle Dealer Bonds
- And More!
Fidelity and Miscellaneous Commercial Bonds
Fidelity bonds protect against employee misconduct like fraud, theft, and embezzlement. Miscellaneous commercial bonds work as a guarantee that businesses pay all appropriate taxes and follow all applicable regulations.
Some examples are but not limited to:
- Business Service Bonds
- Employee Theft Bonds
- Lottery Bonds
- Lost Title Bonds
- Mortgage Broker Bonds
- Public Official Bonds
- Real Estate Broker Bonds
- Tax Collector Bonds
- ERISA Bonds
- Janitorial Service Bonds
- And More!
As a local independent agency, it's our job to help clients find the best bond to fit their bond requirements. Give us a call today at 678-250-8133 or submit your request online to get your bond needs taken care of quickly and inexpensively!
Click below to go to our innovative bond portal. You can quote, bind, and issue a bond in less than 5 minutes! Note that some types of bonds and higher bond amounts aren't eligible for online instant issue and will require additional underwriting.