Not every surety requirement fits neatly under license and permit, customs, or transportation regulations. Many industries and agencies require unique bonds to meet specific compliance obligations, provide financial guarantees, or address specialized risks. We handle all miscellaneous commercial bonds with the same speed and expertise as our core offerings.
Here are some of the most common types we handle:
Required under the Employee Retirement Income Security Act for anyone who handles employee benefit plan funds. The bond amount is 10% of the value of funds handled, with a minimum of $1,000 and a maximum of $500,000 per plan, and is required regardless of company size if a fiduciary handles plan assets.
Required to replace lost, stolen, or destroyed negotiable instruments, checks, stock certificates, savings bonds, or financial documents. The bond indemnifies the issuer against claims if the original surfaces after the replacement has been issued.
Replaces a cash deposit required by utility providers for businesses with limited credit history. Frees up working capital while satisfying the security requirement.
Required for elected and appointed officials responsible for handling public funds, treasurers, tax collectors, and county clerks. Guarantees faithful performance of official duties.
Required for healthcare facilities that manage resident or patient trust funds. Protects vulnerable people from misuse of personal funds held in facility accounts.
Guarantee payment of wages, union dues, fringe benefits, and contributions to union benefit funds per collective bargaining agreements.
Required when ownership documentation for a vehicle, boat, or piece of equipment is missing or defective. Protects subsequent buyers or lienholders against claims from the original ownership gap.
Required for businesses operating concessions in public facilities or selling state lottery products. Guarantees compliance with contract terms and financial obligations.
As a construction professional or contractor, your work exposes you to a myriad of risks and liabilities on a daily basis.
Bonding capacity is a critical factor for contractors, project managers, and construction firms. It determines the amount of work a contractor can take on and ensures financial stability in project completion.
Bonding capacity is a critical factor for contractors, project managers, and construction firms. It determines the amount of work a contractor can take on and ensures financial stability in project completion.
If you handle, manage, or control employee benefit plan assets as a fiduciary under ERISA, you are required to be bonded. The bond amount is 10% of the funds you handle, with a $1,000 minimum and a $500,000 maximum per plan.
A lost instrument bond protects the issuing institution if a lost check, stock certificate, or financial instrument later surfaces after a replacement has already been issued.
Most standard miscellaneous bonds, ERISA, utility deposit, and public official bonds are issued same-day or next business day. Specialty or high-value bonds may require brief additional review.
