Surety Bonds Provided By Our Agency
At Insurance Ball Group, we know that every bond represents more than paperwork it’s the trust between you, the obligee, and the promise to get the job done. Whether you're bidding on a contract, fulfilling a licensing requirement, or just building credibility, we’re here to make sure your surety bond works for you not the other way around.
A Surety Bond is a three-party agreement that protects against non-performance:
- Principal – You, the party purchasing the bond
- Obligee – The entity requiring the bond (owner, agency or court)
- Surety – The insurer guaranteeing your obligations
This legal contract ensures the obligee is made whole if you fail to meet your commitments.
- Ensure your project finishes on time and on budget, per contract terms
- Protect laborers, suppliers and subcontractors by guaranteeing payment if you default
- Eliminate mechanics’ liens to streamline permanent financing
- Discourage fund diversion and reduce overall project risk
- Provide a clear channel for dispute resolution with the surety as intermediary
- Foster competitive bidding, which can lower your construction costs
Contract Bonds
- Performance Bonds
- Bid Bonds
- Supply Bonds
- Maintenance Bonds
- Subdivision Bonds
Commercial Bonds
- License & Permit Bonds
- Court Bonds
- Fidelity Bonds
Each category protects a specific obligation, so you only pay for the coverage you truly need.
Surety Bonds are essential for contractors pursuing government work and for any business or individual licensed by a regulatory agency. Even when not strictly required, they reduce your financial exposure on performance-based contracts. If non-performance would lead to costly claims, a bond makes good sense.
Have questions about whether you need a bond? Let’s talk.
Already Have a Surety Bond? Switching Is Easy
If your current carrier isn’t meeting your service expectations whether due to rising rates, slow claims handling or poor communication now may be the time to explore alternatives. We’ll help you compare options and transition smoothly so you remain protected without gaps.