Is Surety the Same as Insurance?
Your surety bond is not an insurance policy. A surety bond is a legal document that guarantees that an obligation will be met. When you have a surety bond, you have an extension of credit that assumes there will be no losses. An insurance policy protects your physical assets and liability exposure from specific types of loss.
The government often requires these bonds if your business wants to obtain a license or permit. License Surety Bonds ensure that your business will adhere to rules and regulations.
When working in the construction industry, trust is essential to booking new projects and maintaining a good reputation. Construction Surety Bonds will ensure the obligations outlined in your contract will be met. Our experienced advisors will help match you with the specific surety bond you need.
No one likes to think that fraud, theft, or embezzlement will happen to them, but unfortunately, these risks are a reality for many businesses. You’re protecting your business from potential dishonest or fraudulent acts carried out against you with a fidelity bond.
Contact one of our advisors today! Let us help you protect what matters most.
Critical Illness & Disability Insurance
Bought insurance to protect all your tools & equipment? What about your ability to earn an income? If you become sick, injured, or worse, your business and livelihood could be at serious risk. Chat with one of our life & benefits advisors today, and make sure all of your most important assets are protected.