Bond Type Guide
Commercial Bonds
Commercial surety bonds encompass a wide range of bonds required for business operations beyond construction.
What are Commercial Bonds?
Commercial surety bonds are a broad category covering any bond required for business purposes outside of construction. They guarantee that businesses will comply with regulations and fulfill obligations.
Common Commercial Bond Types
How to Get a Commercial Bond
Most commercial bonds can be obtained quickly through a surety bond agency. Many are instant-issue for applicants with good credit.
Other Bond Types
Bid Bonds
A bid bond guarantees that a contractor will honor their bid and enter into a contract if awarded the project.
Performance Bonds
A performance bond guarantees that a contractor will complete a project according to the terms of the contract.
Payment Bonds
A payment bond guarantees that a contractor will pay subcontractors, laborers, and material suppliers.
License & Permit Bonds
License and permit bonds are required by government agencies to obtain or maintain a business license.
Court Bonds
Court bonds are required by courts during legal proceedings, including appeal bonds, guardianship bonds, and fiduciary bonds.
Fidelity Bonds
Fidelity bonds protect businesses against employee dishonesty, theft, and fraud.