Find right insurance bond
Stories and information to help you plan, prepare and protect what matters most.
If you need an insurance bond to bid on or get hired for a new job call us. We're insurance bond experts and we'll get it taken care of you... Fast!
What is an Insurance Bond?
An insurance bond ensures contract completion in the event of contractor default and are typically required by project owners when seeking a contractor to fulfill a contract.
The contractor obtains a bond so the insurance company is obligated to compensate the project owner for the financial loss incurred if the work is not completed.
Typical Insurance Bond Types
Although there are many types of insurance bonds, the four most common types needed by business owners are:
- Bid Bond – Ensures the bidder on a contract will enter into the contract and furnish the required payment and performance bonds if awarded the contract.
- Payment Bond – Ensures suppliers and subcontractors are paid for work performed under the contract.
- Performance Bond – Ensures the contract will be completed in accordance with the terms and conditions of the contract.
- Ancillary Bond – Ensures requirements integral to the contract, but not directly performance related, are performed.
Need any help!
Contact us to learn more about the right insurance bond for you.
Which insurance is right for you?
Health Insurance
Having the proper health insurance coverage can literally
get a quoteInsurance Bonds
If you need an insurance bond to bid
get a quoteBusiness Insurance
Business insurance protects your investment by minimizing financial
get a quoteInsurance Bonds
If you need an insurance bond to bid
get a quoteStart with your zip code to compare car insurance
Start with your zip code to compare Home insurance
Start with your zip code to compare life insurance
Start with your zip code to compare health insurance
945+ Reviews
Already member? SIGN IN
I just want to commend BIA for their exceptional service that they're doing for their clients on behalf of Marlin Insurance Company. BIA rep are very prompt answering my questions and concerns and they posses excellent knowledge to get matters resolve quickly. You have a winner's attitude in BIA and I appreciate that they take their clients' need seriously and I'm pretty sure they're valuable member of your team.
BIA team are super knowledgeable and professional. They don't hardsell you on insurance but give you advice so that you can understand your needs and options. As a small business owner, I appreciate this approach. You will be in good hands.
Funded and backed by
