Protection provided by a bond is not insurance. Coverage under an insurance policy involves a two-party agreement whereas in a bond, the person who pays the premium, known as a principal, is bonded for an action by a surety for the benefit of a third party commonly called a beneficiary. Bonds are distinguished between Surety bonds, which guarantee the performance of a contract, or Fidelity bonds, which protect against the dishonesty of employees.

Auto Dealers License Bond
This form of License and Permit bond guarantees that an auto dealer will have clear title to any car sold and is in compliance with all laws concerned with the sale of automobiles. Back to top

Broadened Definition of Covered Individuals
This extension is used to broaden your Employee Dishonesty policy's definition of insured employees to include those individuals as specified on the form. Back to top

Completion Bond
This bond is used by financial institutions to guarantee that funds issued to borrowers of construction loans will be used to complete structures as outlined in the loan agreement. Back to top

Construction Contract Bond
This bond guarantees terms and conditions of a construction contract. It is usually written as two separate bonds, one assuring performance of the contract, and the other guaranteeing payment of all labor and material costs. Back to top

Contract Bond
This bond guarantees that the obligations set forth in a contract will be performed. Back to top

Contractors License Bond
This License and Permit bond protects against poor workmanship of contractors, or failure to pay material and supply bills. It is used by state and local governments to put "teeth" into various ordinances relating to contractors' operations. Back to top

Court Bond
This form of Judicial bond is written in litigation, for either a plaintiff or defendant to provide guarantees in the course of such proceedings. Back to top

Employee Dishonesty - Blanket Individuals
This bond covers losses sustained by you due to fraudulent or dishonest acts of employees. The policy covers loss of money, securities or other property real or personal due to such acts. It covers loss caused by one or more employees up to the face amount of the bond. Back to top

Employee Dishonesty - Blanket Position
This bond covers loss sustained by you due to fraudulent or dishonest acts by employees. The policy covers loss of money, securities or other property real or personal due to such acts. It covers loss caused by one or more employees, up to the face amount of the bond, for each employee involved in the loss. Back to top

Employee Dishonesty - Individuals
This coverage is used to insure against loss of money, securities or other property belonging to you, or for which you are legally liable, that is caused by employee dishonesty. This form is written to cover one or more employees by name as listed on the policy's schedule. Back to top

Employee Dishonesty - Position
This coverage is used to insure against loss of money, securities or other property belonging to you, or for which you are legally liable, that is caused by employee dishonesty. This form is written to cover one or more positions by listing the title of the position on the schedule in the bond. Back to top

Excavation Permit Bond
This bond guarantees that the contractor will pay for any damages that may result because of cutting into public streets. Back to top

Excise Tax Bond
This bond guarantees that sellers of taxable commodities will comply with all regulations and payment of taxes on such products. Back to top

Fidelity Bond
This bond reimburses employers up to the limit of the bond for loss sustained because of dishonest acts of covered employees. Back to top

Fiduciary Bond
This form of Judicial bond is written for individuals appointed to handle the affairs of others. It guarantees that individuals will faithfully perform their duties while acting within their appointed capacities. Back to top

Fuel Tax Bond
This License and Permit bond guarantees a trucker's payment to the state in which the bond is issued, for the gasoline tax as well as any late filing penalties the trucker is required to pay. Back to top

Garbage Collection Bond
This bond guarantees that a contractor will provide services as outlined in the garbage collection contract. Normally, the contract stipulates the type of service and equipment that must be used. Back to top

Highway Permit Excess Loads Bond
This form of a License and Permit bond guarantees that the principal will pay for all damages to the highway used by him while carrying any excess load. Back to top

Labor & Materials Payment Bond
This bond guarantees that a contractor will pay for all labor and materials used in construction work which he is obligated to perform under the terms of a contract. Back to top

License and Permit Bond
This bond guarantees that the licensee will conform to the laws or statutes relating to the business they are engaged in. They help qualify and enforce a variety of city and state laws and ordinances. Back to top

Lost Instrument/Securities Bond
This bond guarantees that an issuing corporation is protected against any cost that may result from the issuance of duplicates of instruments when the originals have been allegedly lost or destroyed. Back to top

Maintenance Bond
This bond guarantees against defect in workmanship and materials for a given period of time. It may also require the contractor to maintain the quality of work over such period of time as outlined in the contract. Back to top

Mining Reclamation Bond
This Performance bond guarantees that a mining company will restore disturbed land areas to the original condition in compliance with applicable federal and state laws. Back to top

Municipal Bond Insurance
This coverage guarantees to an investor any principle or interest payments which you are unable to make as the debt becomes due and payable. It is written to meet the needs of small or infrequent issuers of such bonds which, because of their size or lack of history, puts them at a disadvantage when competing in the market place with larger or more frequent borrowers of funds. Back to top

Notary Public Bond
This Performance bond covers loss to the issuing state and third parties resulting from failure of the principal to faithfully perform the duties of a notary public. Back to top

Oil Drilling Bond
This form of a Performance bond guarantees that a contractor will promptly seal up a dry hole if oil is not brought into production. Back to top

Patent Infringement Bond
This bond guarantees that merchandise created by a manufacturer will not infringe upon another's patent. It is written for merchants who may require manufacturers to bond any indemnity against such claims. Back to top

Performance Bond
This bond is written for the benefit of the obligee or the owner only. It guarantees that an individual will faithfully perform under the terms of a contract for construction or for furnishing of supplies. Back to top

Public Bond Issue Bond
This Surety bond guarantees faithful performance by custodians who handle funds accumulated through sale of public issues. Back to top

Public Employees Bond
This bond will insure against loss resulting from the dishonest acts of any one employee. The limit specified applies per each employee. Back to top

Public Officials Bond
This bond covers dishonest acts or loss resulting from failure of a public official to faithfully perform his or her duties or to account properly for all money or property received in his or her position. Back to top

Public Officials/Employees Bond
This coverage is used to provide protection for loss resulting from dishonest acts of one or more employees. The limit specified is the most your insurance company will pay per loss no matter how many employees are involved. Back to top

Rental or Lease Payment Bond
This bond is used to guarantee payment by a lessee required rental or lease payments. Back to top

Subcontractors Bond
This bond guarantees that a subcontractor will faithfully perform his work in accordance with terms of his contract with a general contractor and will pay all bills for labor and material incurred in such subcontracted work. Back to top

Subdivision Bond
This form of Completion bond is required of real estate developers or contractors who subdivide land into smaller divisions for improvements. These bonds guarantee that such improvements will be completed before they are sold. Normally, the bond is written in the amount estimated to pay for all such improvements. Back to top

Supply Contract Bond
This bond is used by public entities to ensure that a vendor furnishing supplies (materials, fuel or other commodities) will do so as outlined in the contract. Back to top

Surety Bond Program Required
This program is administered by the Small Business Administration and guarantees payment and performance for small businesses carrying contracts involving construction, repair, maintenance service, supply or janitorial work. It insures up to 90% of a loss in contracts up to one million dollars. Back to top

Timber Bond
This Performance bond is required by the forest service for loggers purchasing timber rights in a specific area. Basically, the bonds require that a logger remove the timber for a certain price by a specified time. Back to top

Warehouse License Bond
This bond is required by government agencies for warehouse owners who must guarantee that they will abide by the laws regulating the business of warehousing. It requires that warehousing operations will not remove commodities until proper duties or taxes are paid and that they will return such goods when owners call for them. Back to top

Wrecking Bond
This bond guarantees the owner of a building that the contractor who razes the structure will pay for the salvaged materials. It is a form of Performance bond. Back to top