You have all the typical insurance coverage necessary to protect your business operations — general liability insurance, business liability insurance, commercial auto insurance, and worker’s compensation insurance. Yes, you have it all but one — bond insurance.
A bond assures your clients that your business is trustworthy by reimbursing them if a contract is breached. Insurance covers the expenses of accidents and legal claims.
Want to know more about how bond insurance can help you? Contact us now.
Bonds are often categorized as insurance, but they are not actually considered insurance.
An insurance policy is an agreement between the policyholder and the insurer. The bond insurer agrees to pay for certain claims in exchange for premium payments.
A surety involves an agreement between three parties: the purchaser of the bond (the principal), the beneficiary (the party that receives the benefits), and the insurance company.
An insured bond does not cover claims but serves as a financial guarantee to you.
Don’t leave your business vulnerable to unexpected losses. Contact Maggie’s A-1 Insurance Services to learn more about our bond insurance policies.
Comprehensive Coverage
Our bond insurance policies provide comprehensive coverage for a variety of industries and businesses, protecting you against financial losses from employee theft or fraud.
Customizable Policies
Every business is unique, which is why we offer customizable policies tailored to your specific needs and budget.
Affordable Premiums
Our bond insurance policies have affordable premiums, making it easy for businesses of all sizes to protect themselves from financial losses.
Peace of Mind
Have peace of mind knowing that you’re protected against unexpected losses caused by employee dishonesty, allowing you to focus on running your business without worrying about potential financial setbacks.
Experienced Agents
Our agents have years of experience in the insurance industry and are dedicated to providing you with the best possible service, working with you every step of the way to ensure that you have the coverage you need.
Protect your clients, customers, and partners. Call us for a FREE quote.
If you own a small business, you may need to get surety bonds to protect your business from financial losses or to fulfill contractual obligations. Here are our four recommended bonds for small businesses:
License & Permit Bonds
License and permit bonds guarantee that a business will comply with regulations and pay any required fees or taxes.
Employee Dishonesty Bonds
Employee dishonesty bonds, also known as fidelity bonds, protect small businesses from financial losses resulting from employee theft, fraud, or other dishonest acts.
Contract Bond
A contract bond is a type of surety bond that is used in the construction industry to guarantee that a company will fulfill its contractual obligations.
Cyber Liability Insurance
As more business transactions take place online, the risk of cyberattacks and data breaches has increased. Cyber liability insurance protects small businesses from losses resulting from these types of incidents, including the costs of notifying customers and restoring data.
No matter what type of bond or insurance your small business requires, Maggie’s A-1 Insurance Services can help you find the right coverage at a competitive price.
