Bonds
Bonds Quote Forms
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The McBane Agency has been my partner for my life, auto, home, business and liability insurance needs for many years. They always bring the right company to solve my needs. It gives me peace of mind that they are always looking out for my best interest in managing risk while offering excellent value and service.
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Bonds Information
Personalized Bonds For Your Needs and Budget
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 McBane Insurance & Financial Services. We offer quick and easy quote forms to get you started. You can also call our office at 740-264-2003 or email your questions and an insurance professional will reply promptly.
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