WE KNOW YOUR BUSINESS
We are not like most agencies that just offer auto and home insurance…BUSINESS INSURANCE IS OUR SPECIALTY
We ‘shop the market” to find you the best insurance value
We work for you, not the insurance company
We insurance ALL businesses
Poor claim or credit history?
Most common Denver Insurance Bond questions question from clients
What are the most common types of Surety Bonds?
Bid & Performance-Payment and License-Permit are the most common type of Surety Bonds. Other types of Surety Bonds are Court & Fiduciary, Notary, Public Official, and Lost Instrument Bonds.
How difficult is it to obtain a payment & performance bond the first time?
Payment & Performance bonds are primarily underwritten based on the client’s financials (credit rating, financial statements, tax returns, etc…). The size of the job is another important factor. It is recommended to initially bid on smaller jobs and eventually step up to bigger jobs once a bond history has been established with the Surety company.
What happens if a claim is made on my Surety Bond?
If a claim is filed against your bond, the surety company expects you to take care of the claim… this is your obligation under the indemnity agreement you signed. Ultimately either the claim will determine to be invalid or valid. If valid, you will be required to resolve the claim by compensating either the claimant or the Surety company.
