When we think of bonds, the first thing that often comes to mind is the popular investment option. Many adults would purchase savings bonds for young children to help them save for their futures. However, when we talk about bond insurance, we are referring more to business investments. Bid bonds insurance can help grow and protect your business. To learn more, call the team at American Insure-All® today for bid bonds insurance broker in Snohomish County.
What is Bond Insurance?
A business or investor can purchase bond insurance to ensure that scheduled interest and principal payments are paid to the bondholders in the event of default. Therefore, credit ratings are considered when applying for bond insurance because premium payments measure the potential risk and overall liability of a bond issuer.
What Are the Advantages of Bond Insurance?
Bonds help businesses grow and even offer protection. For example, by establishing a “bond” with an investor, companies can feel more confident about using capital to enhance and leverage resources, reaching for further growth and development, without the financial risks. Bond insurance has proven to be helpful resource in the financial industries and even construction industries.
What Kind of Bond Insurance Types Are Available?
At American Insure-All®, we are experienced in working with various types of businesses and industries to help them find 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 bonds
– Supply bonds
– Maintenance Bonds
– And many more…
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 bid bonds insurance broker in Snohomish County.