Bonds


Bonds Quote Forms

Looking for coverage? Click any of the following links to submit a quote for quick, accurate and affordable rates.


Bonds Customer Service Options

Self policy service any time of the day, directly from our website. To request a policy change on your account, click any of the following policy service options below.

Bonds Information

What is bond insurance?

An issuer of a bond can purchase bond insurance to guarantee scheduled payments of interest and principal on the bond to its bondholders in case the issuer defaults. Once the issuer purchases bond insurance, its credit rating is replaced with the insurer’s credit rating. Premiums are a measure of the perceived risk of failure of the issuer and are paid to the insurer in either lump sums or installments.

What are the benefits of being bonded?

Being bonded gives issuers the ability to leverage business growth. With the increased stature of having the insurer’s credit rating, a business can feel safer in taking risks to improve and grow the business. This is especially true in the construction and financial industries.

A bonded business can obtain unbiased criticism from a credit professional and seek advice in underwriting projects.

Some bonds we handle include, but are not limited to, the following:

  • Contract performance bonds
  • Bid bonds
  • Maintenance bonds
  • Payment bonds
  • Supply bonds
  • License and permit bonds
  • Miscellaneous bonds

Get started today!

Contact us today, and we can answer any questions you have about bond insurance. 

Save on Auto Insurance
Auto Quote Home Quote Life Quote Business QuoteAuto, Home, Life, Business

Automobile Insurance Homeowners Insurance
Service Center Partners Program Refer A Friend Get A Quote
 
Home About Service Center Resources ContactGet A Quote
Boer Insurance Group | 2535 Five Mile Road NE, Grand Rapids, MI 49525 | Ph: 616-363-7766 | Fx: 616-363-6626
Facebook LinkedIn Blog RSS Feed