Bonds Quote Forms
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Fidelity Bonds or Dishonesty Commercial Bonds
Many businesses need commercial Fidelity Bonds that will offer some sort of guarantee of the honesty of the business employees. Commercial Fidelity Bonds will ensure that the bonded employer's staff will handle monies and business property with utmost honesty. Commercial Fidelity bonds are structured to provide protection to the insured businesses against the possible dishonesty of their workers.
On the other hand, A surety bond
is a pledge to pay one party a certain amount if a second party (the principal
) become unable to satisfy some or all obligations, such as meeting construction codes, meeting certain agreement terms and conditions.. The surety bond protects the obligee against losses resulting from the main party (the insured or bonded business) principal's lack of ability to meet the obligation.
Bonds offered at Insurance navy
License and Permit Bonds
- Contractor's license bonds, which do insure that the paper, general or artisan contractors (such as a professional construction, plumber, electrician, or paper contractor) stick to the local laws relating to their field of work.
- Motor vehicle dealer bonds, this is normally for used car dealers, for a specific number of years.
- Money transmitter bonds
- Customs bonds
- Broker’s bonds such as insurance bonds
- Tax bonds
- ERISA (Employee Retirement Income Security Act) bonds
- Court bonds
- Judicial bonds
Need an commercial bond quote in Illinois? Please call 708 233-4848.