Commercial Insurance
Surety Bonds
Contract, license and permit, and lost title bonds for Arkansas businesses and individuals, with help getting the bond where it needs to go.
A surety bond is a guarantee that an obligation will be met. It involves three parties: the party requiring the bond, the person or business who must perform, and the surety that guarantees performance. Bonds are often required for construction projects, business licenses, and certain vehicle titles.
The bond process can feel cumbersome. As an independent agency, we'll help you figure out exactly which bond you need, get it issued, and get it to the party requesting it.
What Surety Bonds typically covers
Contract Surety Bonds
Used in construction to guarantee a contractor will meet the terms of a contract, including bid, performance, and payment bonds.
License and Permit Bonds
Guarantee to a government agency that a business will follow applicable laws, such as contractor license, motor vehicle dealer, and tax bonds.
Lost Title Bonds
Help establish proof of ownership for a vehicle when other documentation isn't available, so a title can be issued.
Other Commercial Bonds
Options such as ERISA bonds, broker bonds, and environmental bonds, depending on what your business is required to carry.
Related coverage
Common questions
Is a surety bond the same as insurance?
Not exactly. Insurance protects you. A surety bond protects the party requiring it by guaranteeing you'll meet an obligation, and if the surety pays a claim, you're generally expected to repay it.
How much does a surety bond cost?
Cost depends on the type and amount of the bond and, for many bonds, the applicant's credit and financial history. We'll get you a quote for the specific bond you need.
What is a lost title bond?
A lost title bond helps you obtain a vehicle title when you can't provide the usual ownership documents. It guarantees the title office that you're the rightful owner.
Ready to protect what matters with the right bonds coverage?
Tell us what you need covered and we'll compare carriers to find your best fit.