What type of Bond do we offer?

Commercial surety Bonds including numerous types of bonds categorized as court judicial, court fiduciary, public official, license and permit, and many miscellaneous bonds that include guarantees of financial performance.

We also write fidelity bonds, which cover losses arising from employee dishonesty and errors & omissions liability insurance.

Contract bonds guarantee the performance of obligations covered by a written agreement between two parties.  The most common types include bid, performance and payment bonds.

We are your “Surety of Choice” for Commercial Bonds because we offer Corporate Commercial and Transactional Commercial solutions:

  • “Straight-Through Processing”. Many bonds are instantly issued by you without the need for complicated submissions.
  • Flexible and responsive underwriting. Our commercial bond operations in Sioux Falls, Chicago, and the Branch office locations throughout the country know commercial surety.
  • Capacity. With expertise in all areas of bonding, we can consider almost any type and size of bond.

We Proudly work with CNA Surety, they offers the capacities and financial strength of the nation’s largest surety companies, the flexibility you deserve, the tools you need, and the service you expect.

If you have any questions regarding Commercial Bonds, please contact us at (503) 482-7600 or email us at [email protected]

Types of Commercial Bonds

  • License and Permit Bonds 

  • Public Official Bonds
    • What are public official bonds?
      • To protect the interests of taxpayers and consumers, many statutes or ordinances require public officials to obtain a bond. CNA Surety’s public official bonds guarantee that a public official comply with the statutes such as handling money or other assets entrusted to him or her with honesty, and the bond may also guarantee that the official faithfully performs his or her duties.
  • Fiduciary Bonds
    • A fiduciary is someone appointed to handle the affairs of another who is unable to handle his or her own affairs. Some examples of fiduciary bonds are:
      • Administrator
      • Executor
      • Guardian
      • Conservator
      • Trustee
      • Receiver
    • We provide some of the most liberal powers of attorney in the industry for this class of business. With the capacity to handle most bond guarantees in this class of business, CNA Surety is the perfect choice for your client’s fiduciary bond.
  • Court Bonds

    • Court bonds are required in some action of law and generally are divided into two classes – plaintiff and defendant. Our approach to court bonds will save you time and money. We make bonding easy
  • Miscellaneous and Federal Bonds

    • CNA Surety is a proven market leader in this area of Commercial Surety. With this expertise, we will handle your Miscellaneous and Federal bonds quickly and efficiently.
    • Miscellaneous Bonds cover a wide array of not otherwise classified indemnity bonds. A few examples include: Financial Guarantees, Utility Deposit, Patient Funds – Nursing Homes, Lost Instrument, Wage & Welfare, and Workers’ Compensation.
    • Federal Bonds are required in relation to licenses or privileges regulated by the Federal Government. Some examples include: Medicare for DMEPOS Suppliers, Excise Tax, Brewers-Wine Makers-Distillers, Property Brokers, and Post Office Contract Stations.
  • Corporate Commercial Bonds

    • Corporate commercial surety underwriters offer responsive and comprehensive programs.  Commercial bonds are critical to a business’ operations and we strive to understand each business in order to provide a flexible commercial surety bond program.  For qualified risks, we support public and private companies with surety needs of $1,000,000 to $500,000,000.
    • For large programs, we can consider a syndicated or a shared surety approach with multiple sureties.  We can also accept letters of credit or cash collateral via trust as forms of security to offer a variety of terms and conditions.  Our underwriters can be accessed through 38 branch offices, with underwriting specialists in the manufacturing, technology, healthcare, financial, utility, mining and service industries.

A performance bond , also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. A job requiring a payment and performance bond will usually require a bid bond, to bid the job.

Our contract surety operation provides bid, performance and payment bonds for all sizes and types of contractors. Our clients’ annual revenues range from a few million to a few billion dollars and they operate in every area of the United States. In addition to our 36 domestic surety branches, we have offices in San Juan and Toronto. We also have the capability to support our domestic clients’ international bonding needs through established fronting facilities in major markets throughout the world.

fidelity bond is a form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals. It usually insures a business for losses caused by the dishonest acts of its employees.

Employee theft can deliver a striking blow to a business.  Surveys show that a surprisingly large number of employees have admitted stealing from their employers during the previous year. Fidelity Bondsguarantee that the bonded employee(s) will handle their employer’s money and property with fidelity.  In other words, it guarantees they won’t steal.

What happens when an innocent mistake makes a notary public, signing agent, or tax preparer an easy target for a lawsuit?

We provide Errors & Omissions Insurance coverage for Notary Publics, Signing Agents, and Tax Preparers.

Bond Type

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