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BUSINESS INSURANCE

Let’s get you the right Surety Bond

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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.

"My CoverHound rep, Chris, was extremely helpful and knowledgeable of my needs. We discussed in detail what my business needs were and found great coverage at an affordable premium."

Jeffrey G.

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.

Three parties are involved:

  • 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.

Contractor License Bond

Used to guarantee the performance of a construction contractor.

Why CoverHound?

  • Curated Choice
    Our data-driven matches allow you to easily compare rates from trusted insurers, meaning you can find the best policy and get back to business ASAP.
  • Comprehensive Assessment
    We take the time to fully understand your business and its unique needs, so we can recommend the right coverage to protect your business and employees.
  • Objective Advice
    Our licensed advisors are compensated based on service, not sales commissions. You can count on their impartial advice to select the right coverage.
  • Value
    Did we mention CoverHound is free to use? And we comparison shop with 40+ carriers to ensure you get the best price for the coverage you need.

Learn about our other business insurance types:

Here's what our customers have to say

Hear directly from some of the people CoverHound has helped around the nation.

"I really love that we did business with a CoverHound. We are very pleased with service, price and quick turn around. With all this new virtual era this is the best way to shop for insurance. Thank you."

- Jose Ines Maldonado

"CoverHound advisors found me the best rate for my unique business. Everywhere I looked the rates were just too high. They have all the insurers at their fingertips so it's in your best interest to use CoverHound!!!"

- Ray Cook

"What a wonderful service you provide! I had checked at least four companies before checking with CoverHound for help finding insurance. Not only did I find insurance, but it was the best rate too! Thank you so much!"

- Mary Beach

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