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Your surety bond policies are backed by the most trusted insurance carriers in the industry:

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A 60-second business insurance checkup can help answer your coverage-related questions. Share some specifics about your business and we’ll highlight the insurance coverages that are appropriate for your industry and specific to your business.  

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Why do I need a Surety Bond?

A Surety Bond ensures that contractual obligations are fulfilled. A surety bond is an insurance tool that is used to limit risk and financial loss. It guarantees that a party fulfills its contractual expectations in a timely manner while adhering to state laws and industry regulations.

How does a Surety Bond Work?

A government agency (Obligee) hires your construction company (principal) to build an office building. Your company is required by the Obligee to secure a Contractor License Bond from the Surtey guaranteeing that you will fulfill the terms of the contract.

  • The Principal
    Party of primary responsibility on a surety bond who has duty to perform for obligee’s benefit.
  • The Obligee
    The party to whom the bond is given and who’s protected against loss.
  • The Surety
    The issuer of the surety bond guaranteeing the Principal will complete job.

Types of bonds we provide:

Business Service Bond (BSB)

Protects your customers from acts of theft, larceny, or fraud committed committed by your employees.

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Contractor License Bond

Used to guarantee the performance of a construction contractor.

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Learn about our other business insurance types:

Business Owners Policy
General Liability
Professional Liability
Workers Compensation
Commercial Auto
Directors and Officers
Cyber Insurance
Other Insurance

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CoverHound is part of the Retail segment of Brown & Brown, Inc. (NYSE: BRO), a leading insurance brokerage firm, delivering risk management solutions to individuals and businesses since 1939. The Brown & Brown team is as connected locally as it is nationally, with more than 8,000+ Retail teammates in 300+ locations across the U.S. and select global markets. No matter where you are on your growth journey, our team is committed to help you find solutions to meet your ever-evolving needs.

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