Contract Surety: Contract bonds, used heavily in the construction industry, are a guarantee from a Surety to a project’s owner (Obligee) that a general contractor (Principal) will adhere to the provisions of a contract.
Performance/Payment Bonds & Bid Bonds: A performance bond is a surety bond issued by an insurance company to guarantee the satisfactory completion of a project by a contractor.
Commercial Surety- Contract bonds, used heavily in the construction industry, are a guarantee from a Surety to a project’s owner (Obligee) that a general contractor (Principal) will adhere to the provisions of a contract.
Fidelity Bonds- A fidelity bond is a form of insurance protection that covers policyholders for losses that they incur due to fraudulent acts by specified individuals. It usually insures a business for losses caused by the dishonest acts of its employees.
Fiduciary Bonds- A fiduciary bond provides insurance protection against the possibility of fraud or embezzlement by a fiduciary.
License & Permit Bonds- License and Permit Bonds are required by certain federal, state, or municipal governments as prerequisites to receiving a license or permit to engage in certain business activities.
Probate Bonds- Generally, a probate bond protects the heirs of an estate. A probate bond provides protection against misrepresentation, fraudulent acts, errors, negligence and theft by the executor or administrator of the estate until the probate process is completed and the property has been distributed to the heirs of the estate.
Public Official Bonds- Public official bonds guarantee the honesty and faithful performance of those elected or appointed to positions in government. Examples of officials sometimes requiring bonds include notaries public, treasurers, commissioners, judges, town clerks, and law enforcement officers.
To learn how we can help your business - contact Gardner Associates today.
We are a proud Trusted Choice® independent agency.
The information presented on or through this website is made available solely for general information purposes. We do not warrant the accuracy, completeness, or usefulness of this information. Any reliance you place on such information is strictly at your own risk. We disclaim all liability and responsibility arising from any reliance placed on such materials by you or any other visitor to this website, or by anyone who may be informed of any of its contents.
This website may include content provided by third parties, including materials provided by other users, third-party licensors, syndicators, aggregators, and/or reporting services. All statements and/or opinions expressed in these materials, and all articles and responses to questions and other content, other than the content provided by Correll, are solely the opinions and responsibility of the person or entity providing those materials. These materials do not necessarily reflect the opinions or beliefs of Correll or any of its employees.