Bonds

Reasons you may need a Surety Bond

Surety bonds are often required of businesses or professionals who provide services to customers.  These bonds are meant to ensure the business or professional will do their work in accordance with the licensing laws and other regulations.  You may be obligated to provide a bond as part of a business license or contract requirement.  Being bonded may also help you attract new business.  Potential clients take comfort in knowing they will be protected by it.  

What are commonly used types of Surety Bonds?

• License and Permit Bond
• Public Official Bond
• Probate Bond
• Contract Performance Bond
• Tax Bond
• Utility Bond
• Lost Security/Lost Instrument Bond
• Union Wage and Welfare Bond

What is a Fidelity Bond?

Fidelity bonds are insurance policies that offer businesses protection against loss of money and securities caused by fraudulent or dishonest acts committed by employees.  Fidelity bonds also offer you the flexibility to cover specific employees or job positions (schedule bonds) or all employees (blanket bonds).  

What are commonly used types of Fidelity Bonds?

• Employment Retirement Income Security Act (ERISA) Bond
• Business Services Bond
• Condo and Home Association Bonds
• Employee Dishonesty Bond
• Non-Profit Organization Bond