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Surety, License & Permit Bonds

Peace-of-mind, guaranteed.

Surety Bonds

A surety bond is an unusual form of insurance in that one person or organization pays for it, while another receives the benefit.


It’s easier to understand with an example. Imagine a contractor is building a new office building for a government agency. The agency naturally wants a guarantee that the taxpayer won’t be left out of pocket if the contractor fails to deliver the offices as promised.

The answer is a surety bond. The contractor pays a premium to an insurer to purchase the surety bond. The insurer then pays the necessary compensation to the agency if the contractor fails to deliver. The big difference between this and ordinary insurance is that the insurer can and will go after the contractor to get this money back. The point of the surety bond is that the agency gets the assurance that it won’t have to chase after the money itself.

License and Permit Bonds

  • License and permit bonds are required by state law or local regulations to acquire a license or permit to engage in a particular business. That includes: contractors, motor vehicle dealers, securities dealers, employment agencies, health spas, grain warehouses, liquor stores and sales tax.

  • Judicial and probate bonds, also referred to as fiduciary bonds, secure the performance on fiduciaries’ duties and compliance with court order. These include: administrators, executors, guardians, trustees of a will, liquidators, receivers, and masters. Judicial proceedings court bonds include injunction, appeal, indemnity to sheriff, mechanic’s lien, attachment, replevin and admiralty.

  • Public official bonds, which pledge the performance of duty by a public official. These include: treasurers, tax collectors, sheriffs, judges, court clerks and notaries.

  • Miscellaneous bonds include: lost securities, lease, guarantee payment of utility bills, to guarantee employer contributions for Union fringe benefits, and workers' compensation for self-insurers.

Other Bonds

  • Fidelity bonds can help shield your business from employee fraud. They’re usually used to insure a business for losses caused by the dishonest acts of its employee, partners or officers. These bonds protect employers or third parties from losses of company monies, securities, and other property from employees who intend to harm the company.

  • ERISA bonds shield retirement plans from fraud or dishonesty. ERISA, the Employee Retirement Income Security Act, requires that every person who manages or handles employee benefit plans be covered by a fidelity bond.

We work with companies who can deliver in 72 hours. That’s for bid and performance bond requests under $300k for those firms just entering the public sector.


Our agency offers solutions for all your contract surety bond needs:​​​

  • Bid Bonds

  • Performance Bonds

  • Payment Bonds

  • Maintenance Bonds

  • Subdivision Bonds

Have Us Review Your Existing Program

We will:

  • Guide you through a thorough evaluation of your current insurance program

  • Provide an invaluable assessment of your potential risks and gaps in coverage

  • Give our expert perspective of practical risk avoidance tactics

  • Propose a plan for the most appropriate insurance protection for your needs at a price you can afford.

LaBrozzi Cardinal

Contact us for a free insurance quote now.

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