Bond Insurance Guide

Bond Insurance: A Simple Explanation

"Insurance bond" and "bond insurance" are terms incorrectly used by many who want to get bonded by obtaining surety bonds, fidelity bonds or both. Surety bonds protect the public and are required of you, while fidelity bonds protect you or your customers and are usually optional.

Frequent Questions

You only need a bond if it is required of you. Surety bonds are required to operate, while fidelity bonds are usually optional. You can select your state below to determine its license and permit bond requirements.

Yes, some professions require you to have both, such as security guard services. Since state bonding regulations vary greatly, it's best to select your state below to view its bond requirements. If you need help determining which bond you need, please contact us.

You can apply and get a quote instantly. Whether you need a surety or fidelity bond, we can get you bonded. If you are unsure of what type you need, please contact a bond professional.

Surety bonds cost a small percentage of the required bond amount, which is usually based on your personal credit. Fidelity bond pricing is based on the amount of coverage you'd like and the amount of employees you want included under the policy. You can use our tool to get a ballpark estimate or exact quote.

Which Surety Bond Do You Need?

There are many different surety bonds required for a variety of professions and other uses. They protect the public by guaranteeing you will follow the law or follow the rules of the bond. If you don’t follow the rules of the bond and claims are filed on your bond, you’re responsible to pay them in full (including legal costs). You can find more in-depth information about what surety bonds are and how they work.

License and Permit Bonds

License and permit bonds will allow you to get a license or permit for your business, and ensure you will follow laws and regulations. The most common license bonds include auto dealer bonds, contractor license bonds, freight broker bonds and mortgage broker bonds. You can select your state from the map below to determine the requirements in your state.

Select Your State

Contract Bonds for Construction Projects

Contract bonds are needed to work on construction jobs (generally public jobs), and guarantee you will complete projects properly. They are required by cities and towns as opposed to states. Learn more about getting bonded for public jobs.

Court Bonds

Court bonds are often required by the courts in your state to become someone's guardian, operate as an executor of an estate, or appeal a court decision. All court bonds ensure you will fulfill your responsibilities as ordered by a court.

Get Protection with Fidelity Bonds

Fidelity bonds are insurance that can protect you or your clients from employee dishonesty, and are generally optional to obtain. These bonds are popular among businesses that regularly enter customers’ homes such as cleaning companies.

  • Business service bonds protect your clients from dishonest acts such as theft by your employees.
  • Employee dishonesty bonds protect you from your own employee's dishonest acts such as theft or forgery.
  • ERISA bonds allow you to have employee benefit plans and protect the participants and beneficiaries from fraud.
  • Financial institution bonds are a type of employee dishonesty bond, but specifically protect large financial institutions like insurance companies and banks.

We're here to help

Getting bonded can be intimidating. We can help you sort through it all! There are no dumb questions. Ask us whatever you need.

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