Insurance Bonds Resource Center
Unsure of what type of bond you need? The resources below will help you determine which bonds you may need, and arm you with the knowledge to properly bond your business. You can also visit our education center, which will teach you everything you need to know about bonding.
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- What is an insurance bond?
It is an incorrect term used by individuals referring to fidelity or surety bonds. When someone is looking for a bond to insure their business or customers, they are usually interested in fidelity bonds.
If someone uses the phrase "insurance surety bond", and the bond is required by the government or a third party entity, they are referring to a surety bond. Other common but inaccurate terms include "business insurance bond" and "insurance bonding".
- What is the difference between fidelity and surety bonds?
Fidelity bonds are insurance products that protect businesses and individuals against employee dishonesty. They are generally optional to obtain.
A surety bond is a guarantee. What it guarantees depends on the bond type. Surety bond categories include license and permit/misc. bonds, contract bonds and court bonds. They are required by the government and third party entities.
- Do I need an insurance bond?
You only need a bond if it is required of you. In the surety world, "insurance bond" is an inaccurate term that can be used for fidelity or surety bonds. Use our guide below to determine which bond you need.
- How do I get bonded?
You can apply and get a quote right on our website. Whether you need a surety or fidelity bond, we can help get you bonded. If you are unsure of what type you need, use our guide below.