Bonds

Bonds are often required by a person or company in order to run their business.

At Al Hattie Insurance we represent several surety companies that can supply a wide variety of bonds.

A contract bond guarantees that the contractor will carry out the obligations of his contract.  Bid bonds, performance bonds, labour & material bonds are some of the contract bonds that are available.

A fidelity bond protects an employer against the dishonest acts of his employees.  Larceny, theft, forgery and embezzlement or other fraudulent or dishonest acts of employees are protected with a fidelity bond.

Government authorities and some businesses require that you post a bond before they will allow you to engage in your business activities.  These are licence and miscellaneous surety bonds.  Building movers, electrical and gas contractors and auto dealers are a few examples of  businesses requiring this type of bond.

A service bond is used where a business owner is required to guarantee the performance of himself or his employees if a dishonest or fraudulent act is committed during the course of their work.  Carpet cleaners, janitorial services and painting contractors are a few examples of businesses that may require this type of bond.

Administration/fiduciary bonds and lost securities bonds are also available.

Please contact our office for information on the bond application process.