Bonding

What is bond insurance?

Bond insurance guarantees payments of interest and principal on a bond or other security in the event of a payment default by the issuer.

Types of bonding insurance we provide

We offer various types of bonds and depending on the type of your business conducts, you may choose to obtain a bond. Some of the bonds that we offer include:

  • Contract surety bonds: This type of surety bond is for people who may be contractually obligated to maintain a surety bond to guarantee performance. This type of surety bond covers contractors, manufacturers and suppliers.
  • Business services (fidelity) bonds: This provides coverage for employees’ fraudulent or dishonest acts, especially for those employees who are working on customers’ premises.

We’ll take care of that

As fidelity bonds are a risk management too, it is helpful to discuss your business needs with insurance agent. If you wish to learn more, call us at 231.941.0450 or send us an email at info@fordinsurance.net.

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