What Are Commercial Bonds?
Bonds help protect against financial loss in the course of doing business.
When a bond is issued, there are always three parties involved: the bond holder (the company performing the work), the obligee (the business having work done for them), and the surety company that issues the bond.
Types of Commercial Bonds
Commercial bonds include:
Surety Bonds: Protect against financial loss should an organization or individual fail to perform as agreed.
Fidelity Bonds: Protect against financial loss caused by acts of fraud or dishonesty.
Do I Need a Commercial Bond?
If you do business with cities, governments, counties, or certain private industries, you may need a bond in addition to the appropriate business insurance. Towne Insurance Risk Advisors have many years of experience helping business members acquire the right commercial bonds. Let us help you with your unique business needs.
Why Towne Insurance for Commercial Bonds?
As a leading independent insurance agency, Towne has strong relationships with many of the nation’s top insurance carriers. So we can provide the right business insurance coverage for you at the most competitive rates.
Towne is able to offer a wide variety of insurance policies without the restrictions of a single insurer. We represent you to the insurance marketplace and will always look out for your best interests.
Towne Insurance is part of a culture defined by caring for the people and communities we serve.
Your Commercial Bond Experts
Having access to the right bond is critical for many businesses. Count on the Risk Advisors at Towne Insurance to help you every step of the way.
Contact us today to discuss our services and obtain a complimentary quote!