Do I Really Need a Surety Bond?

Do I need a surety bond?  When do I need it and what are the risks if I don’t get one?  These are questions which you may have pondered.  Well, have no fear!  Below we have highlighted some situations where you may need a surety bond.

Paper with Surety Bond on a table


Many industries require you to get a surety bond.  This ensures that the applicant adheres to specific industry regulations.  If they are not adhered to, then a claim may be filed

Specific to the Construction Industry:

Almost all state and federal construction projects require a surety bond.  In fact, there are multiple surety bonds which are required, from bid bonds to performance bonds, payment bonds and subdivision bonds.


Having a surety bond helps clients and customers have faith that they are protected if anything were to go wrong.  It also assures them that you have faith in your business skills and are willing to guarantee their success, through financial backing.  In other words, you know you’re not going to mess up, you’re even willing to bet on it by purchasing a surety bond!

Protect your business:

But surety bonds do more than protect your clients and customers, they can, in some industries, protect your business.  For example, a fidelity bond protects your business from your employees in the case of theft or fraud.  A service bond can also protect you from third party transgressions.  Requiring businesses that you work with to be bonded, will help to protect your business.

Surety bonds help to promote good business faith.  Obtaining a surety bond will protect your business, promote your reputation and open your business up to more clientele.

We here, at are an independent bond-only agency, committed to the principles of service, integrity and professionalism. We view our clients, employees and underwriters as our “business family”. We strive to offer each and every one of them unsurpassed attention and support to ensure a mutually beneficial relationship.  We have a keen understanding that success for everyone is only possible through helping all of our constituents achieve their goals and objectives, we believe that a truly satisfied customer, employee or vendor is the best business strategy of all.  Our surety bonding services help create a blueprint for success. Our principals have relationships nationwide and have earned the trust of underwriters. Because of our credibility within the underwriting community and longevity in the industry, we are able to act as powerful advocates for our clients. We have a unique, tactical process to professionally design and present a thorough financial picture with risk and financial analyses to the surety market.