Bonds Quote Forms
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What is bond insurance?
An issuer of a bond can purchase bond insurance to guarantee scheduled payments of interest and principal on the bond to its bondholders in case the issuer defaults. Once the issuer purchases bond insurance, its credit rating is replaced with the insurer’s credit rating. Premiums are a measure of the perceived risk of failure of the issuer and are paid to the insurer in either lump sums or installments.
What are the benefits of being bonded?
Being bonded gives issuers the ability to leverage business growth. With the increased stature of having the insurer’s credit rating, a business can feel safer in taking risks to improve and grow the business. This is especially true in the construction and financial industries.
A bonded business can obtain unbiased criticism from a credit professional and seek advice in underwriting projects.
Some bonds we handle include, but are not limited to, the following:
- Contract performance bonds
- Bid bonds
- Maintenance bonds
- Payment bonds
- Supply bonds
- License and permit bonds
- Miscellaneous bonds
Get started today!
Thank you for your interest in Walden Insurance Network, Inc. Contact us today, and we can answer any questions you have about bond insurance. If you would like to talk to an insurance agent, please call our office at 727-848-2722 or email your questions and an insurance professional will reply promptly.
Proudly Serving: Port Richey, Tampa, Tampa Bay, Trinity, New Port Richey, Lutz, Land O'Lakes, Wesley Chapel, Brooksville, Springhill, Ft. Myers, St. Leo, Zephyrhills, Dade City, Tarpon Springs, Palm Harbor, Crystal River, Homossassa Springs, East Pasco County, West Pasco County
The above description provides a brief overview of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. In there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control.