When purchasing Surety bonds and Specialty bonds, you should be familiar with the bond process. That’s why Nevada Insurance Solutions is here to help you with Surety bonds and Specialty bonds coverages. We offer several resources that give you insight into the industry and our experienced agents make the process painless. Nevada Insurance Solutions offers commercial, contract, and energy surety bonds.
Commercial Surety Bonds
A commercial bond is a very general type of surety bond. A commercial bond is most often required by government agencies – federal, state or local. These bonds are typically required to be in force in order for a business or individual to obtain or maintain various licenses and/or permits. Commercial bonds are usually annual bonds, the initial term of the bond is one year and the bond will have to be renewed every successive year.
Types of Commercial Bonds Written Include:
• Commercial performance bonds, including supply, supply & install and annual performance bonds
• Miscellaneous bonds, including self-insured workers’ compensation bonds
• Court bonds, including large appeal bonds
• Customs bonds, including both importer and drawback bonds
• License and permit bonds
Contract Surety Bonds
Contract Surety Bonds are often required by the federal government, local municipalities, counties, universities or private entities. The process generally begins with a bidding process and if awarded the contract, a contract bond or payment and/or performance bond may be required.
Types of Contract Bonds Written Include:
• Bid bonds
• Performance bonds
• Labor and material payment bonds
• Supply bonds
Energy Surety Bonds
An energy broker bond is required for those permitted to act as an energy broker. Energy brokers, also known as energy consultants in the energy industry, act as intermediaries between energy producers and energy consumers.The purpose of the bond requirement is to guarantee licensed energy brokers and consultants will follow the rules and regulations of the state they operate in. In this way, the energy broker bond protects the general public.
Types of Energy Bonds Written Include:
• Plugging & abandonment bonds
• Right of way bonds
• Permit bonds
• Performance (energy related construction) bonds
• Excise tax bonds
• Miscellaneous (energy related) bonds
Miscellaneous Surety Bonds
At Nevada Insurance Solutions, we are not limited to providing you with only commercial, contract, and energy surety bonds. Types of bonds written include, but are not limited to:
• Municipal license & permit bonds
• State license & permit bonds
• Probate bonds
• Fidelity bonds
• Public official bonds
• Notary bonds and Notary Errors & Omissions Insurance
• Employee dishonesty bonds
• Janitorial service bonds
• Bid/Performance/Payment Bonds for Small Contractors (First Step/Next Step Programs)
Resources
Business Services – Janitorial Bonds