Surety Bonds

A surety bond is a three-party agreement that guarantees you’ll fulfill a contractual or legal obligation — and if you don’t, the bond provides financial compensation to the party you’re bonded to. Unlike traditional insurance, which protects you from loss, a bond protects the other party (a client, a government agency, or a regulatory body) while holding you accountable to repay the bond company if a valid claim is paid out. Bonds are often required to win contracts, obtain licenses, or meet legal and regulatory requirements in industries like construction, contracting, and certain professional services.

There are several types of bonds depending on your needs — contract or performance bonds for construction projects, license and permit bonds required by state or local governments, and fidelity bonds that protect against employee theft, among others. We’ll help you determine exactly which bond your business needs, guide you through the application and underwriting process, and get you bonded so you can win the contract or meet the requirement without delay.

If you’ve ever been told you need to be “bonded” to win a contract, get licensed, or meet a regulatory requirement, that’s a surety bond at work. It’s a guarantee — backed by a bonding company — that you’ll do what you said you’d do. If you don’t, the bond compensates the affected party, and you’re responsible for repaying the bond company.

Construction contractors, licensed professionals, and businesses in regulated industries often need one or more types of bonds just to operate. We’ll help you figure out which bond applies to your situation and get you bonded without the runaround.