Surety Bonds
Solid Bonds For Solid Business
Whether you’re a contractor looking for a complex bid bond or a business owner in need of a simple license and permit bond, we know that you can’t conduct business or win the job without the backing of a solid surety bond. That’s why we only work with reputable and trustworthy surety providers.
Common Bonds
Contract Bonds
Bid Bonds
Performance & Payment Bonds
Supply bonds
Fidelity Bonds
ERISA (Pension Plans)
Business Services Bonds (e.g. janitorial, home health care or security)
Financial Institution Bonds and D&O Coverage
Commercial Banks and Savings Institutions, etc.
Commercial Bonds
License and Permit Bonds
Contractor License; Highway and Street Permit; Agent/Adjuster/Broker License; Fuel Dealer; Professional License; Automobile Dealer; and Alcoholic Beverage Compliance Bonds
Probate Bonds
Administrator; Executor; Guardian; and Trustee Bonds
Receiver or Trustee Bond in Bankruptcy
Commercial Banks and Savings Institutions, etc.
Public Official
Notary Public; Sheriff; Deputy Sheriff; Constable; Jailer; County/City/School Treasurer Bonds; Court Clerk; Loan Closing Attorney; and FHA Schedule Bonds
Court Bonds
Plaintiff Replevin; Plaintiff Attachment; and Cost Bonds
Miscellaneous Bonds
What People Are Saying
FAQ
What is a surety bond and how does it work?
A surety bond is a three-party agreement between the business (principal), the party requiring the bond (obligee), and the surety company (bond provider). If the business fails to fulfill its obligations, the surety company steps in to compensate the obligee, and the business is then responsible for repaying the surety.
What is the difference between a surety bond and insurance?
Insurance protects the policyholder from unexpected losses. A surety bond protects the party the business is working for. If a claim is made on a surety bond, the surety pays the obligee, but unlike insurance, the business must ultimately repay those funds to the surety company.
What types of surety bonds does Jeff Munns Agency offer?
Jeff Munns Agency works with reputable surety providers to offer contract bonds (including bid, performance, payment, and supply bonds), fidelity bonds, financial institution bonds, and a wide range of commercial bonds including license and permit bonds, probate bonds, public official bonds, and court bonds.
What is a bid bond and when is it required?
A bid bond guarantees that a contractor who submits a bid on a project will enter into the contract and provide required performance and payment bonds if awarded the job. They are commonly required on public construction projects and larger private contracts.
What is a fidelity bond and does my business need one?
A fidelity bond protects a business against financial losses caused by dishonest or fraudulent acts by employees. It is particularly important for businesses that handle client funds or assets, such as janitorial companies, home health care providers, and financial service firms.
What is a license and permit bond and who typically needs one?
A license and permit bond is required by many state and local governments as a condition of obtaining or renewing a business license or permit. Contractors, automobile dealers, fuel dealers, and various licensed professionals are commonly required to carry this type of bond.
Can a small business or contractor get a surety bond even without a long financial history?
Yes, in many cases. Surety providers evaluate factors like credit history, business experience, and financial stability, but options exist for newer businesses and contractors. Working with an independent agency like Jeff Munns Agency gives you access to multiple surety providers, increasing the chances of finding a bond that fits your situation.
Informational statements regarding insurance coverage are for general description purposes only. Read our disclaimer.
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