We offer a full line of bonding products which include:
Contract Bonds:
Bid Bond:
Bonds which provide financial assurance that the bid has been submitted in good faith, and that a contractor will enter into a contract at the amount bid and post the appropriate performance bonds. These bonds are used by owners to pre-qualify contractors submitting proposals on contracts. If the contractor submitted a bid in bad faith the guarantor (the bond company) will have to pay the difference between the contractors bid and the next highest bidder up to the limit of the bid bond purchased.
Performance Bonds:
Sometimes known as a payment bond is what a bid bond becomes once the contractor wins the bid. Once a contractor wins a bid, the performance bond ensures the full performance of the contract terms including agreed upon maintenance for the period specified in the contract.
Maintenance Bonds:
Maintenance Bonds provide for upkeep of the project for a specified period of time after a project is completed. These bonds protect against defective workmanship or materials.
Supply Bonds:
A guarantee between the supplier and a purchaser that the supplier will supply all products and materials agreed upon.
Fidelity Bonds:
Dishonesty Bonds:
This type of bond is used by companies for a degree of protection against employees in a position of trust. This bond covers loses such as theft, fraud, forgery, and embezzlement.
Janitorial Services Bonds:
This bond is meant for smaller companies who work for other companies usually after business hours. It is used to protect your employees from unjustified accusations of theft, fraud, disappearance, etc. It also protects you and your clients from theft by and employee of a janitorial services firm.
Pension Trust (ERISA) Bonds:
Companies usually have a Pension and/or profit sharing program managed by employees. This bond is designed to protect the companies plans and money from fraud and dishonesty. ERISA stands for Employee Retirement and Income Security Act.
Commercial Bonds:
License & Permit Bonds:
Nearly every business registered with the state needs a license or permit bond. It is necessary when the business needs to get a license in the city, county, or state. They are used to insure the consumers that the businesses will perform accordingly with the rules set forth by the government.
Public Official Bonds:
Public Officials are usually required to be bonded. The bond insures that the official will handle the money or assets of the consumers faithfully and honestly. They are generally used for the protection of tax payers.
Fiduciary Bonds:
First of all a Fiduciary is a person who is appointed to be responsible at managing the assets for another such as a trustee. The bond provides protection from fraud or embezzlement by the fiduciary.
Judicial Bond:
A general term used for all bonds used in court. Also known as a Court Bond.
Wage & Welfare Bonds:
Also known as Union bonds; are required by local unions. They guarantee that employers disburse wages and also put in to welfare funds. They also guarantee union dues payment.
Errors & Omissions:
Notary Public:
Is a public officer who is constituted by law to serve the public, usually in matters including estates, deeds, power of attorney, and foreign business. A notaries main purpose is to administer oaths and affirmations.
Tax Preparers:
A person such as an accountant who prepares another persons federal and/or state taxes to be submitted to the IRS.
