When we think of bonds, the most common thing that often comes to mind is a type of investment. For example, many adults purchase savings bonds for young children to secure their futures. However, when we talk about bond insurance, we are referring to business investments. Bid bonds insurance can help grow and protect businesses – from investments to entering into agreements with other entities. To learn more about the different types of bid bond insurance, call the team at American Insure-All today to speak with a bid bonds insurance broker in Lake Stevens.
If a business partners with an investor, then in order to reduce the overall risk of a particular investment, a business can purchase bond insurance to ensure that scheduled interest and principal payments are paid to the bondholders – or investors – in the event of default. As a result, the creditworthiness of the bond insurance purchaser is considered in this process in order to determine the overall risk liability of a bond issuer.
While entering a “bond” or purchasing bond insurance seems like an overwhelming or involved process, the truth is bonds can help businesses grow and even offer a blanket of protection. For example, by establishing a “bond” with an investor, companies can feel more confident about using capital to boost and leverage resources, reaching for further growth and development, without incurring any financial risks.
At American Insure-All, we are experienced in working with businesses of all shapes, sizes, and industries to help them secure bond insurance to help them grow, develop, and maximize opportunities, without risking their bottom line.
Some of the common types of bond insurance include:
– Contract performance bonds
– License and permit bonds
– Payment bonds
– Bid bon
– Supply bonds
– Maintenance Bonds
For more information on bond insurance, contact your local American Insure-All insurance agent for questions. Call American Insure-All today at (888)411-AUTO to learn more about working with a bid bonds insurance broker in Lake Stevens.