Depending on your business type, you may eventually encounter the need for a surety bond. A surety bond is a contract involving three parties: The person or entity performing the service (principal), the person or entity for whom the service is performed (obligee) and the entity that guarantees the principal will perform as agreed (surety). In the event of a loss or failure to perform, the surety bond pays the obligee, not the principal.
At Lions & Coventry Insurance Services, we specialize in providing bonding services that help to protect the integrity of your business. Our Surety Bond services include writing agreements that guarantee the party requesting the bond that your business will uphold its obligations.
TYPES OF SURETY BONDS
Lions & Coventry Insurance Services can write a variety of Surety Bonds, including:
- Performance and Payment Bonds
- Contractor Bonds
- Cannabis Surety Bonds
- Sub-Division Bonds
- Court Bonds
- Conservator Bonds
- Fidelity Bonds
- Public Officials
- Liquor Licenses
Since there are many types of Surety products, it’s important to discuss your options with a licensed, professional bond agent. Our underwriting services are flexible to meet your unique business needs, and we specialize in a high degree of customer care that will ensure maximum consideration for your assets.
Contact a surety bond specialist at Lions & Coventry Insurance Services today to keep your commercial responsibilities protected.