Customer Login

InsuranceHub
Call Us Today(770) 497-1200
TRUSTED FOR30+ YEARS
MENU
  • PERSONAL
    • AUTO
      • Car Insurance
      • Boat Insurance
      • RV Insurance
      • Motorcycle Insurance
    • HOME
      • Homeowners
      • Condominium
      • Flood
      • Renters
      • Rental Property
      • Umbrella
    • HEALTH
      • Group Health
    • LIFE
    • Close
  • BUSINESS
      • Commercial Property
      • Commercial Auto
      • Commercial Umbrella
      • Surety & Fidelity Bonds
      • Directors and Officers
      • Special Events
      • Employee Dishonesty
      • Employment Practices Liability Insurance (EPLI)
      • Business Owner’s Policy
      • Cyber Liability
      • General Liability
      • Professional Liability
      • Liquor Liability
      • Product Liability
      • Spoilage Insurance
      • Equipment Breakdown
      • Workers Compensation
      • Group Benefits for Employees and Independent Contractors
      • Employer Services
      • Errors And Omissions
      • Crime Insurance
      • Inland Marine
      • Business Interruption
    • Close
  • INDUSTRIES
      • Auto Body Shop
      • Auto Services
      • Accountant / Auditor
      • Apartment Owners/ Habitational
      • Architecture/ Engineering
      • Carpet Cleaning & Janitorial
      • Chiropractic Office
      • Contractors
      • Dance School
      • Daycare
      • Employment Agency
      • Financial Planner 
      • Food Store
      • Home-Based Business
      • Garage Keepers
      • Landscaping Services
      • Lawn Irrigation
      • Liquor Store
      • Machine Shop
      • Manufacturing
      • Mortgage Broker
      • Nonprofit
      • Personal Care Services
      • Pet Care
      • Photography/ Videography
      • Portrait Studio
      • Printing & Copying Services
      • Professional Organizer
      • PR Firm
      • Real Estate Agent
      • Religious Institution
      • Restaurant
      • Retail
      • Electronics Store
      • Furniture Store
      • Gift Shop
      • Salon
      • Security System Contractor
      • Sheet Metal Fabrication
      • Technology
      • Theatrical Agency
      • Tow Trucks
      • Wholesale Distribution
      • Women’s Accessory Store
    • Close
  • RESOURCES
    • Pay Your Bill/ Report A Claim
    • FAQs
    • Insurance Glossary
    • Close
  • BLOG
    • Home Insurance
    • Auto Insurance
    • Business Insurance
    • Transportation
    • Close
  • ABOUT
    • Leadership Team
    • Careers
    • Contact
    • Corporate Responsibility
    • Review Us
    • Stay Connected on Social Media
    • Close
GET QUOTE

Surety Bond & Fidelity Bond

Home | Business Insurance | Surety Bond & Fidelity Bond

GET A QUOTE

IF YOU'RE A CONTRACTOR THAT NEEDS A SURETY BOND OR FIDELITY BOND, THEN INSURANCEHUB CAN HELP!

We understand contractors and the need to get bonds QUICKLY

When taking on a new project, you likely spend some time assessing the risks that come with the task in front of you.

We also understand that working in the construction industry brings with it a lot of unique risks

That raises the question: what exactly is a surety bond? We understand that there can be a bit of confusion out there when it comes to bonds. Contractors often deal with many different types of bonds. They are a requirement necessary to cover the risks involved in the industry.

First it might be helpful to understand what a bond is NOT


  • A bond is NOT a form of insurance. A bond is a financial guarantee or a form of credit
  • A bond is a loan made to a company
  • A bond is security that can be bought and sold
  • A bond is a form of payment in many cases, as it can guarantee payment

A surety bond or contract bond is a guaranty from a Surety to a project's owner (Obligee) that a general contractor (Principle) adheres to what the contract stipulates. Simply put, it means that it is a contract between the project owner and the contractor. A Surety bond assures the project owner that the contract will be completed and the work will be completed as outlined or else the project owner is financially compensated.

Contractors often deal with many different types of bonds

  • Bid bonds which guaranty that a contractor will enter into a contract if they win the bid
  • Performance bonds which guaranty that a contractor will perform the work as outline in the contract
  • Payment bonds which guaranty that a contractor will pay for services, particularly making sure that all of the subcontractors are paid as well as all of the materials
  • Maintenance bonds which guaranty that a contractor will provide maintenance, repair and upkeep for a specified period of time

If the parties agree to require bonding, additional forms, such as the performance bond contract AIA Document 311 provide common terms.

How much will my Surety bond cost?


The answer is that it depends. Rates normally run between 1% and 5% of the penalty sum based on your credit score. Contact your InsuranceHub agent for the latest rates available to you.

What is a Fidelity Bond?


Sometimes before you receive a contract the owner wants to make sure that your employees are honest workers. The fidelity bond guarantee that the bonded employee(s) can be trusted and will not steal from them. These types of bonds are often required when employees are trusted to handle cash or other valuable assets.

Finally, why choose InsuranceHub to help you with your bonds?


Here is the thing about bonds. If you are a contractor, subcontractor or tradesman, bonds are a way to obtain financial security when taking on a project. When it comes time to be awarded a contract, you need to be able to get the bond to be able to close the deal right way.
That means contractors need them fast and they need everything to go nice and easy. That is where we come in. InsuranceHub has been helping contractors with their insurance and bonding since 1985. Our job is to make your life easier by providing you with counseling, insurance, and bonds you need in a timely manner.

OUR GOAL IS TO PROVIDE YOU WITH OPTIONS

Why not fill out our online quote form or simply pick up the phone & call 877-341-5728 for a free consultation right now? Our agents can offer you both surety bonds and fidelity bonds you need for your business.

Get Quote

About Us

At InsuranceHub, it’s our mission to make insurance easy. Our goal is to be more than just an insurance agency. We want to be a partner and an advisor to our customers.

© 2020 InsuranceHub Agency, LLC. All rights reserved.

Licensing & Legal

Company Information

  • About Us
  • Leadership Team
  • Careers at InsuranceHub
  • Connect on Social Media
  • Pay Your Bill
  • Customer Login

Communications

  • Our People
  • Leadership
  • Careers
  • Corporate Responsibility
  • Review Us

Your Security Is Our Priority

1720 Lakes Parkway
Lawrenceville, GA 30043

Phone: 877-341-5728
Phone: 770-497-1200
Fax: 770-814-7187

FEW-0630AO (11/2018)
  • Auto
  • Life
  • Health
  • Business
  • Privacy Policy
MENU
  • PERSONAL
    • AUTO
      • Car Insurance
      • Boat Insurance
      • RV Insurance
      • Motorcycle Insurance
    • HOME
      • Homeowners
      • Condominium
      • Flood
      • Renters
      • Rental Property
      • Umbrella
    • HEALTH
      • Group Health
    • LIFE
    • Close
  • BUSINESS
      • Commercial Property
      • Commercial Auto
      • Commercial Umbrella
      • Surety & Fidelity Bonds
      • Directors and Officers
      • Special Events
      • Employee Dishonesty
      • Employment Practices Liability Insurance (EPLI)
      • Business Owner’s Policy
      • Cyber Liability
      • General Liability
      • Professional Liability
      • Liquor Liability
      • Product Liability
      • Spoilage Insurance
      • Equipment Breakdown
      • Workers Compensation
      • Group Benefits for Employees and Independent Contractors
      • Employer Services
      • Errors And Omissions
      • Crime Insurance
      • Inland Marine
      • Business Interruption
    • Close
  • INDUSTRIES
      • Auto Body Shop
      • Auto Services
      • Accountant / Auditor
      • Apartment Owners/ Habitational
      • Architecture/ Engineering
      • Carpet Cleaning & Janitorial
      • Chiropractic Office
      • Contractors
      • Dance School
      • Daycare
      • Employment Agency
      • Financial Planner 
      • Food Store
      • Home-Based Business
      • Garage Keepers
      • Landscaping Services
      • Lawn Irrigation
      • Liquor Store
      • Machine Shop
      • Manufacturing
      • Mortgage Broker
      • Nonprofit
      • Personal Care Services
      • Pet Care
      • Photography/ Videography
      • Portrait Studio
      • Printing & Copying Services
      • Professional Organizer
      • PR Firm
      • Real Estate Agent
      • Religious Institution
      • Restaurant
      • Retail
      • Electronics Store
      • Furniture Store
      • Gift Shop
      • Salon
      • Security System Contractor
      • Sheet Metal Fabrication
      • Technology
      • Theatrical Agency
      • Tow Trucks
      • Wholesale Distribution
      • Women’s Accessory Store
    • Close
  • RESOURCES
    • Pay Your Bill/ Report A Claim
    • FAQs
    • Insurance Glossary
    • Close
  • BLOG
    • Home Insurance
    • Auto Insurance
    • Business Insurance
    • Transportation
    • Close
  • ABOUT
    • Leadership Team
    • Careers
    • Contact
    • Corporate Responsibility
    • Review Us
    • Stay Connected on Social Media
    • Close