Surety Bonds Options
Boost the growth of your business
Win more business with professional guarantees
Surety bonds are professional agreements that enable businesses to win new contracts and grow their business with more ease and less stress. At Reliable Insurance, we provide a variety of Surety Bond options to ensure you get the right bonds for your unique business.
Commercial (Non-Contract) Bond
Commercial surety bonds are required to either obtain a license or permit or to protect a potentially vulnerable group. These include:
- Blanket Fidelity: Protects an employer from employee theft and misconduct.
- Business Services: Protects customers from any theft, larceny, or fraud from an employee or the business owner.
- ERISA: Insures employee benefits plans against losses caused by fraud or dishonesty.
- Fiduciary/Probate: Protect heirs, beneficiaries, and creditors from financial harm from fiduciary negligence or fraud.
- License & Permit (States, Cities, Counties, Municipalities): Guarantees the party seeking a license or permit will comply with applicable laws or regulations and is necessary to grant the license or permit.
Surety Contract Bonds
Surety Bonds help businesses win contracts by providing the customer with a work completion guarantee, and are required by many public and private contracts. These include:
- Bid Bonds: Ensures contractors can meet the contract terms.
- Payment Bonds: Protects against non-payment for labor or materials.
- Performance Bonds: Ensures the full completion of a contract by a small business.
- Maintenance Bonds: Covers workmanship quality for a specified time after project completion.
- Ancillary Bonds: Ensures the completion of contract requirements outside of performance or payment.
Reliable Insurance Agency is an SBA-preferred agency
Reliable Insurance Agency is a preferred agency of the Small Business Administration’s Surety Bond Guarantee Program. This collaboration reinforces our commitment to supporting small businesses and allows us to bring SBA-backed surety bonds to businesses nationwide. SBA Surety Bonds provide essential bonding support and enable companies to bid on larger contracts and secure funding that may otherwise be out of reach.
SBA provides small businesses with essential tools such as mentorship programs, financial literacy workshops, and industry-specific advice. Learning how to navigate the complexities of the small business landscape enables you to compete in your respective markets.
The SBA Supports Small Business Growth
Get faster approvals, competitive rates, and SBA-backed financial security so you can pursue new opportunities and expand your growth potential.
- Access to accelerated approval processes allows our clients to navigate bonding requirements quickly so they can meet bidding deadlines and secure new contracts.
- Enhanced access to bonding, especially for newer businesses or those that lack financing to secure larger bonds, enables us to assist a wider range of clients to qualify for bonding.
- Supported by the SBA’s Surety Bond Guarantee Program, you can utilize every advantage available to you as you establish yourself as a trusted contractor within your industry.
