Fidelity & Surety Bonds

Construction, Surety Bond

A bond is a financial guarantee issued by an insurance company that enables business owners or individuals to engage in certain activities.

Types of bonds may include:

Construction Contract Bonds

  • Bid Bonds
  • Performance Bonds
  • Labor & Payment Bonds

Licenses and Permits - required when the public interest demands that certain types of business be regulated for the protection of citizens and of public and private property.  Most license and permit bonds fall into one of the following groups:

  • Regulatory
  • Public Protection
  • Public Safety
  • Tax

Court Bonds - a guarantee required by law or court ruling to be filed in connection with legal procedures.  Examples include:

  • Executors Bonds
  • Conservatorship Bonds
  • Appeal Bonds

Employee Dishonesty & Other Crime Coverage - provides coverage for dishonest acts for businesses or public entities when committed by employees or others

  • Employee Dishonesty
  • Forgery
  • Loss of Money and Securities
  • Robbery or Burglary
  • Computer Wire Transfer Fraud
  • Extortion