What exactly is bond insurance? Bond insurance is a risk mitigation resource that helps businesses been known to help businesses maximize their growth opportunities. Purchasing bond insurance is a process that involves working with credit-worthy contractors and other entities due to the risk involved in purchasing business assets. To learn more about how bid bond insurance works, call the team at American Insure-All® today for a bid bonds insurance broker in Everett.
Entering a bond agreement with another business or entity means that the scheduled interest and principal payments are paid in the event that a bond issuer – or another business – defaults on principal payments. Bond insurance ensures that an investor or another entity entering into an agreement continues to receive principal and interest payments should a business default on payments. The creditworthiness of a bond purchaser is a factor in securing bond insurance.
Bonds help businesses grow by allowing them access to more available resources. For example, by establishing a bond with an investor, businesses can feel more secure about using those resources to boost their business. This also helps a business to mitigate financial risks.
At American Insure-All®, our team of highly trained and reputable insurance agents has over 30 years experience working with businesses secure bond insurance.
Some of the common types of bond insurance include:
– Contract performance bonds
– License and permit bonds
– Payment bonds
– Bid bonds
– Supply bonds
– Maintenance Bonds
– And many others…
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 speak with a bid bonds insurance broker in Everett.
When our previous insurance provider decided to make a change in our career we were a little anxious. We had become accustomed to being on a first-name basis and getting quick responses to our requests. Little did we know at the time we had nothing to worry about as American Insure-All has more than met our previous expectations. Don and his team have been quick to respond to our needs and provide us with the peace of mind that we were looking for in a provider.