Bonds | The Insurance Center

Bonds

 

 

What is bond insurance?

An issuer of a bond can purchase bond insurance to guarantee scheduled payments of interest and principal on the bond to its bondholders in case the issuer defaults. Once the issuer purchases bond insurance, its credit rating is replaced with the insurer’s credit rating. Premiums are a measure of the perceived risk of failure of the issuer and are paid to the insurer in either lump sums or installments.

What are the benefits of being bonded?

Being bonded gives issuers the ability to leverage business growth. With the increased stature of having the insurer’s credit rating, a business can feel safer in taking risks to improve and grow the business. This is especially true in the construction and financial industries.

A bonded business can obtain unbiased criticism from a credit professional and seek advice in underwriting projects.

Some bonds we handle include, but are not limited to, the following:

• Contract performance bonds
• Bid bonds
• Maintenance bonds
• Payment bonds
• Supply bonds
• License and permit bonds
• Miscellaneous bonds

Need Help?

We're here to help!  Simply call our office at (252) 637-4173 or email us using the contact form below.

Contact Us

We are currently licensed in the states of North Carolina, Florida, Georgia, South Carolina, Tennessee, and Virginia.

Send Us a Message




    Featured Carriers

    Trusted_Choice_Logo
    BlueCross BlueShield of North Carolina

    The Insurance Center is an independent authorized agent/agency licensed to sell and promote products from Blue Cross and Blue Shield of North Carolina (Blue Cross NC).  The content contained in this site is maintained by The Insurance Center.  Blue Cross and Blue Shield of North Carolina is an independent licensee of the Blue Cross and Blue Shield Association.

    ®, SM  Registered marks of the Blue Cross and Blue Shield Association.”