Contract Bonds

Primarily used in the construction industry, contract bonds ensure that contractors meet the terms and conditions of their contracts. Our offerings include:

• Bid Bonds: Guarantee that a contractor will honor their bid and provide necessary performance and payment bonds upon contract award.

• Performance Bonds: Ensure the contractor completes the project as per the contract specifications.

• Payment Bonds: Assure that contractors pay subcontractors, laborers, and suppliers involved in the project.

These bonds are essential for protecting project owners from financial loss due to contractor default.

Commercial Bonds

Also known as license and permit bonds, commercial bonds are often required by government entities to ensure businesses comply with relevant laws and regulations. Our selection includes:

• License and Permit Bonds: Required for various professions, such as contractors, auto dealers, and mortgage brokers, to operate legally within a jurisdiction.

• Freight Broker (BMC-84) Bonds: Ensure that freight brokers adhere to industry regulations and pay carriers and shippers as agreed.

• Notary Bonds: Protect the public from errors or misconduct by notaries public during the execution of their duties.

These bonds help maintain industry standards and protect consumers from fraudulent practices.

Fidelity Bonds

Designed to protect businesses from losses due to employee dishonesty or fraudulent acts, our fidelity bonds include:

• ERISA Bonds: Required for employers who manage employee benefit plans, ensuring protection against fraud or dishonesty.

• Business Services Bonds: Protect clients against theft by employees of service-oriented businesses, such as cleaning or security companies.

• Employee Dishonesty Bonds: Cover losses resulting from dishonest acts committed by employees, safeguarding a company's assets.

Implementing fidelity bonds is a proactive measure to mitigate risks associated with internal fraud.