What is a bond and when do I need it?

A bond is a guarantee of payment by an insurance company on behalf of a business. Sometimes your business might be required to provide a bond to someone you’re doing work for. This often includes a municipality or general contractor.

What exactly does it do for me?

Some bonds we handle include, but are not limited to, the following:

  • Contract performance bonds
  • Bid bonds
  • Maintenance bonds
  • License and permit bonds
  • Miscellaneous bonds