Let’s be clear
Bonds are not insurance policies – they’re guarantees. It is not uncommon for business and contactors to have certain projects bonded to ensure they are completed, no matter what complications may arise. At Heber Insurance, we specialize in providing both large and small businesses with the following bonds:
- Performance – to guarantee the performance of contractually agreed upon work
- Bid – guarantees the beginning of work following the winning of a bid
- Indemnity – guarantees any losses should a party fail to meet deadlines
- Payment – promises payment to all sub-contractors and vendors
- License – a bond guaranteed to a state or federal agency
Commercial Bonds
A general classification of bonds that refers to all bonds other than contract and performance bonds. Commercial bonds cover obligations typically required by law or regulation. Each bond is unique to the circumstances at hand
- License and Permit Bonds
- Public Official Bonds
- Fiduciary Bonds
- Court Bonds
- Bankruptcy Trustee Bonds
Contract Bonds
For contractors needing bonds up to $250,000, (Small Contract Bond Program) |
Surety Application Forms
Fidelity Bonds
Employee theft can deliver a striking blow to a business. Surveys have shown that a surprisingly large number of employees have admitted stealing from their employers during the previous year. Fidelity guarantees that the bonded employee(s) will handle their employer's money and property with fidelity. In other words, it guarantees they won't steal.
Janitorial Services Bonds
Do you have clients that provide janitorial services to other business? You know how vulnerable their employees are to employee dishonesty. After all, their employees have access to customers' assets, equipment, supplies and personal elongings. These employees are easy targets for blame. Any customer who finds something missing is likely to suspect those who do the cleaning. The fact is dishonest employees can significantly damage their employer's business.This bond is specifically designed to provide protection for your client's customers. They may have good luck and never have problems with a dishonest employee; but they will rest easier knowing they are covered.
Employee Dishonesty Bonds
Employee Dishonesty Bonds guarantee that the bonded employee(s) will handle their employer's money and property with fidelity. Small companies can be especially hard hit because they can't afford extensive safeguards and do not have the financial capacity to absorb the losses.
Pension Trust (ERISA) Bonds
Pension Plans and profit sharing programs are managed by appointed individuals known as plan fiduciaries. The Pension Reform Act of 1974 states that the fiduciaries of a pension or profit sharing fund are required to post a bond for 10% of the amount of funds handled.
Errors & Omissions Insurance
What happens when an innocent mistake makes your notary or tax preparer client an easy target for a lawsuit? We provide Errors & Omissions Insurance coverage for Notary's Public and Tax Preparers
Contact us to find out how our bonding services can be tailored to meet your specific needs. |
