Obtain a Bond YourWay

 Bonds are critical for businesses to protect the recipient against loss in the event a contract or obligation is not fulfilled. Our experienced staff is very familiar with the bonds listed and, in many cases, can turnaround a quote in 24 hours. However, some contractor bonds may take longer. Call today for more information.

Fidelity bonds are a form of insurance protection that covers policyholders for losses they incur as a result of fraudulent acts by specified individuals.

  • Employee Dishonesty Bonds guarantee that the bonded employee(s) will handle their employer’s money and property with fidelity. Small businesses can be hit especially hard because extensive safeguards are expensive and they do not have the financial capacity to absorb the losses.
     

  • Pension Trust (ERIA) Bonds – Pension Plans and profit sharing programs are managed by appointed individuals known as plan fiduciaries. The Pension Reform Act of 1974 states that the fiduciaries of a pension or profit sharing fund are required to post a bond for 10% of the amount of funds handled.
     

  • Blanket Bonds covers ALL EMPLOYEES of the named insured unless specifically excluded
     

  • Schedule Bonds are used in businesses where employees tend to have greater responsibilities combined with the handling of larger sums of money (real estate managers, bookkeepers, office managers)
     

  • Janitorial Services Bonds are specifically designed to provide protection for your client. They may have good luck and never have problems with a dishonest employee; but they will rest easier knowing they are covered.

 

Fidelity Bonds

Contract Bonds

 

Contract surety bonds are comprised of several bond types that cover a construction project from start to finish.

  • Bid Bond – A guarantee that the bonding company will provide a performance bond if the contractor is awarded the job.
     

  • Maintenance Bond – A contractor bond in force following a performance bond.
     

  • Payment Bond – Assures that the suppliers, laborers, and subcontractors will be paid if the contractor defaults.
     

  • Performance Bond – A contract bond to guarantee the completion of a project per the terms of the contract.
     

  • Site Improvement Bond – Required to ensure public property will be restored upon the completion of a private project, in which the principal owns the land.
     

  • Subdivision Bond – Local authorities require a guarantee that the landowner completes mandatory public improvements that builders & developers make to their property.
     

  • Supply Bond – Required by the project owner, state or federal law to secure payments to suppliers.

Contract Bond Questionnaire

For quicker service, feel free to fill out the questionnaire for bonds up to $750,000. 

Professional Bonds

 

These bonds are most frequently required for business owners who must be bonded in order to legally operate under their state’s guidelines. Most business owners will require at least one bond in their possession to obtain a business license.

  • Auto Dealer Bond – A license and permit bond required by California in order to operate as an auto dealer.
     

  • Contractor License Bond – In California, any contractor needs a bond to work.
     

  • Health Club Bond – The California Secretary of State requires that health studios post surety bonds in varying amounts prior to offering services. The required bond amount varies according to how much business the health studio receives.
     

  • Insurance Broker Bond – California Department of Insurance requires a $10,000 bond to transact business as an insurance broker.
     

  • Liquor Tax Bond – A bond to guarantee payment of taxes collected from the sale of alcoholic beverages.
     

  • Mortgage Broker Bond – Most states require mortgage broker to file a bond to with their license applications to ensure they operate per the states rules and regulations.
     

  • Mortgage Lender Bond – Most states require mortgage lenders (also known as mortgage bankers) to post a license bond to guarantee they operate per the terms of the state in which they operate.
     

  • Patient Trust Bond – This bond ensures the caretaker of a patient will not misuse the funds held in the patients’ trust.
     

  • Public Adjuster Bond – Also referred to as insurance adjuster bonds, they guarantee the work of public adjusters.
     

  • Public Official Bond – Public Official bonds are usually for the protection of the taxpayers money which they often handle.
     

  • Title Agency Bond – A license bond required of title agents by some states.
     

  • Utility Bond – A financial guarantee bond to ensure payment of utility bills in a prompt manner.
     

  • Wage and Welfare Bond are bonds required by local unions to guarantee payment of dues.
     

  • Miscellaneous Bond (not listed) – There are literally thousands of commercial bonds, many of which are too specific to fall under a particular category.