The surety market includes numerous types of bonds categorized as license and permit, court judicial, court fiduciary, public official, and many miscellaneous bonds that include guarantees of financial performance.  Wright Insurance Agency has access to several bonding companies for a variety of surety needs.  

Some types of bonds include the following:

License and Permit Bonds
License and Permit Bonds are required to obtain a license or permit in many cities, counties, states or other political subdivisions. They may be required for a number of reasons, including the payment of certain taxes and fees or providing consumer protection as a condition to granting licenses related to selling things such as motor vehicles or contracting services.

 

Bid Bonds
Bonds which provide financial assurance that the bid has been submitted in good faith, and that a contractor will enter into a contract at the amount bid and post the appropriate performance bonds. These bonds are used by owners to pre-qualify contractors submitting proposals on contracts.

 

Notary Public Bonds
Include bonds that are required by statutes to protect against losses resulting from the improper actions of notaries.

 

Performance Bonds
Performance Bonds cover performance of the terms of a contract. These bonds frequently incorporate payment bond (labor and materials) and maintenance bond liability. This protects the owner from financial loss should the contractor fail to perform the contract in accordance with its terms and conditions.

To request a contractors license bond quote, please click on the Contractor's Bond Questionnaire to the right, then print and fill in the information on the form and return the completed form to our office.  

Contractor's Bond Questionnaire.pdf Contractor's Bond Questionnaire.pdf
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