Bond Insurance
Surety bonds for contractors and businesses that need license, permit, and contract compliance across the U.S.
Bond Insurance for Growing Businesses
Many clients, agencies, and project owners require proof that your business is bonded before they will award work or sign a contract. Remco Insurance Services helps businesses nationwide secure the right surety bonds with clear guidance and responsive support.
As an independent agency, we compare options from multiple carriers so you get coverage that fits your industry, contract size, and compliance requirements without unnecessary delays.
What Is Bond Insurance?
A surety bond is a legally binding agreement among three parties: the principal (your business), the obligee (the party requiring the bond), and the surety (the company backing the bond). If you fail to meet the obligations spelled out in the bond, the surety may pay a valid claim up to the bond amount, then seek reimbursement from you under the indemnity agreement.
Bond insurance is not the same as general liability or property insurance. It is a financial guarantee that you will perform work, pay subcontractors, or comply with license and permit rules. Being bonded builds trust with customers and public agencies and is often mandatory for contractors, auto dealers, freight brokers, and licensed professionals.
Types of Bonds We Help With
Common surety solutions for commercial and contract needs.
License & Permit Bonds
Required by states or cities before you can operate in a regulated trade or profession.
Contract Performance Bonds
Assure project owners that you will complete work according to contract terms.
Payment Bonds
Help ensure suppliers and subcontractors are paid on public and private projects.
Bid Bonds
Submitted with proposals so owners know bidders can secure performance bonds if awarded.
Maintenance Bonds
Cover defects or warranty obligations after a project is substantially complete.
Miscellaneous & Court Bonds
Custom bonds for fiduciaries, appeals, lost titles, and other specialized obligations.
Why Do Businesses Need Bond Insurance?
Bonds are often a gatekeeper to revenue. Without the correct bond in place, you may lose bids, have a license suspended, or fail a vendor onboarding checklist. The right bond program also signals financial stability to partners and lenders.
Remco works with you to understand obligee requirements, bond amounts, and renewal timelines. We help you stay compliant as you add states, take on larger contracts, or expand into new lines of work.
Frequently Asked Questions
Insurance protects your business from covered losses such as property damage or liability claims. A surety bond protects the obligee if you do not fulfill a specific obligation. You typically reimburse the surety for amounts paid on your behalf.
Premium is usually a percentage of the bond amount and depends on bond type, your credit, financial statements, and experience. Many license bonds cost a few hundred dollars per year; larger contract bonds are priced individually.
Simple license bonds can often be issued within a day when information is complete. Contract and high-limit bonds may require financial documents and take longer. We tell you upfront what underwriters need.
Requirements vary by state, city, and trade. You may need separate bonds or higher limits when you expand. We help you map obligations so you are not caught off guard on a new job site.
Yes, though newer firms may need stronger personal indemnity or smaller limits at first. We align you with sureties that work with startups and growing contractors.
The surety investigates the claim. If it is valid, the surety may pay the obligee up to the bond penalty, then seek recovery from you per your indemnity agreement. We help you understand obligations before you bind coverage.
Get Bonded and Stay Compliant
Remco Insurance Services helps businesses nationwide secure license, permit, and contract bonds with clear guidance and carrier options that fit your operations.