A Surety Bond is a written promise that an insurance company will protect your assets and back up the promises made by someone else. The Kennedy Agency will work with you to find the most appropriate products supported by value-added services to commercial banks, savings and loans, insurance companies, finance and loan companies, and credit unions.
Surety bonds are important components in any business. You may need a bond to guarantee contractual completion of work, or the law may require you to file a bond to confirm compliance with licensing requirements. These two distinct purposes define the main types of surety bonds: contract and commercial.
Contract Performance Bonds feature a contractual agreement between two parties with a third party acting as a guarantor of the contract. For example, when customers hire you to complete a project, a contract bond acts as insurance that you complete the job.
Purchasing a contract bond in advance protects you should you fail to deliver the service as promised. Thompson Agency works with specialized surety companies to ensure you have reliable protection.
Other types of bonds that fall under this umbrella include maintenance, supply, and bid bonds. Regardless of the type of contract bond you require, our knowledgeable professionals are up to the task.
License and Permit Bonds
- Contractor License
- Highway and Street Permit
- Agent/Adjuster/Broker License
- Fuel Dealer
- Professional License
- Automobile Dealer
- Alcoholic Beverage Compliance Bonds
- Trustee Bonds
Receiver or Trustee Bond in Bankruptcy
- Notary Public
- Deputy Sheriff
- County/City/School Treasurer Bonds
- Court Clerk
- Loan Closing Attorney
- FHA Schedule Bonds
- Plaintiff Replevin
- Plaintiff Attachment
- Cost Bonds