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Contractor Bonds

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Maintenance Bond

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Bid Bonds

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Performance Bond

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Payment Bond

What is a Surety Bond?

A surety bond is a contract among at least three parties wherein the surety agrees to uphold the contractual promises and obligations made by the principal if the principal fails to uphold its promises to the obligee. The surety bond protects the obligee against losses resulting from the principal’s failure to meet the obligation. The principal will usually pay a premium annually in exchange for the bonding company’s financial backing and strength to extend surety credit.

Who Needs Surety Bonds?

Surety bonds are required by a wide range of business. There are over 50,000 types of surety bonds in the United States and finding the exact bond you need can be difficult. Almost all surety bonds are required at the state level and regulations can vary greatly from state to state. Some example of businesses that need surety bonds are below.

  • Automotive dealers
  • Independent contractors
  • Construction companies
  • Contractors

What are Some Types of Surety Bonds?

  • License and permit bonds

  • Public official bond

  • Probate and other court bonds

  • Miscellaneous bonds

  • Contract performance bond

How Much Are Surety Bonds?

Surety bond costs can vary widely and depend on several factors such as the principal’s financial status, the type of bond, the surety company, your credit, and your project history. Depending on the amount of the bond, costs can range from 1-3 percent of the total project cost.

DFI Insurance Can Help!

let our licensed experts help with your insurance needs!

Let our licensed experts aggressively compare and shop between our numerous top carriers to ensure we get exactly the coverage you need at the most affordable rates possible. We make the process simple, fast, and reliable.

 

Contact Us Today!

Why DFI Insurance

35 Years of Excellent Service
At DFI Insurance, our mission begins with a belief that our existence is to serve and respect our customers. Their satisfaction is the best measure of our success. Our execution is only possible by aligning with the highest quality insurance providers available then working hard to match our customers needs directly with these providers.
Wide Selection of Carriers and Coverages
DFI Insurance has special access to top carriers that provide excellent support and low rates ensuring you are protected. DFI Insurance has coverages ranging from auto, homeowners, life insurance, commercial business insurance and more!
Personalized Service
At DFI Insurance our licensed agents get to know you and your insurance needs and we offer unbiased information since we work for you. Let our knowledgeable, experienced professionals customize an insurance solution and make sure you get the best coverage at the best rates possible!

Some Additional Business Insurance Coverages

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Commercial Auto

Protects your business vehicles similar to your own personal auto insurance policy.

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Commercial Liability

Covers against financial loss if claims of injury or damage.

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Workers Compensation

Protects employees if they sustain an injury or become ill while on the job

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Professional Liability

Protect experts who might face unique or unusual lawsuits as a result.

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By Industry

Recommended insurance coverage based on your specific industry

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Commercial Property

Protect your building, equipment, inventory from fire or other disasters

Contact Our Licensed Advisors Today!

Helping you and your family for over 35 years

 

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The content of this site is descriptive only. The precise coverage offered is subject to the terms and conditions of the policies issued. Coverage may not be available in all jurisdictions or applicable in all situations.