Different than insurance, a surety bond is designed to guarantee a principal’s integrity and honesty, performance and financial responsibility, and compliance with a law or contract. Surety bonds are a very old three party arrangement developed over time to help parties to do business with one another. A surety essentially validates the financial strength, capacity, experience and/or professionalism of the professional or performing party minimizing the financial risk and/or business uncertainty of the contracting party. Commercial bonding includes a very broad range of surety bonds. Below are some general surety categories that we offer along with a few examples of bonds from each:

License and Permit Surety Bonds

  • Mortgage Broker bonds
  • Insurance Agent bonds
  • Auto Dealer bonds
  • Fidelity Surety bonds
  • Employee Dishonesty bonds
  • Janitorial bonds

ERISA Bonds

  • Fiduciary Surety bonds
  • Administrator bonds
  • Guardian bonds
  • Trustee bonds

Public Official Surety Bonds

  • County Clerk bonds
  • Notary bonds
  • Tax Collector bonds

Court Bonds

  • Attachment bonds
  • Court Costs bonds

Contract bonding guarantees that a contractor or developer will fully complete the construction project for which they’ve bid according to specifications and will pay all laborers, subcontractors and suppliers. This type of surety bonding includes:

  • Bid bonds
  • Payment bonds
  • Performance bonds
  • Supply bonds

 

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