Commercial Bonds create a guarantee that one party (Principal) will perform an obligation to another party (Obligee). This guarantee is backed up by the Surety. This is then a three party agreement. The exact form of the bonds can vary from one situation to the next. Forms are not standardized. The obligations can cover a broad range of industries and circumstances. It is important that an experienced bond agent review this obligation and offer the appropriate answer to this bonding requirement.
- Notary Bond
- Notary Bond with E&O
- Concealed Carry Bond
- Sheriff Indemnity - Under $50,000
- Sheriff Indemnity - Outagamie County
- Sheriff Indemnity - Rock County
- Sheriff Indemnity Bond
- Sheriff Indemnity Bond Rock County
- Sheriff Indemnity Bond Outagamie County
- Errors & Omissions Policy Only - Individual
- ERISA, Pensions, & Welfare Bond
- Business Service Bond - No Owner Exclusions
- Business Service Bond - Owner Exclusion Applied
- Airlines Reporting Company Bond
- Airport Custom Security Bond
- Alcohol Tax Bond
- Auctioneer Bond
- Automobile Dealer Bond
- Business Services Bond
- Collection Agency Bond
- Contract Postal Unit Bond
- Courier Service Bond
- DMEPOS Bond
- Funeral Directors Bond
- Landscape Bond
- License or Permit Bond
- Liquor Bond
- Lost Instrument Bond
- Mortgage Brokers Bond
- Motor Vehicle Dealer's Bond
- Pawn Brokers Bond
- Public Office Bond
- Sales Tax Bond
- Sports Club Bond
- Stockyard Bond
- Subdivision Bond
- Tobacco Tax Bond
- US Customs Bond
- Utility Deposit Bond
- Wage and Welfare Bond
- Wine Tax Bond
- Workers Compensation Bond
- All Application Forms
This bond guarantees that the money collected by a travel agency for tickets sold by the agency will be forwarded to the proper travel providers.
When employees have access to U.S. Customs security areas at an airport, each such employee may be required to obtain and display an approved access seal issued by Customs. The airport customs security bond guarantees that an employee would adhere to the customs rules and regulations while operating within the restricted area.
Complete the Commercial Surety Application and e-mail it or fax it to Kathy Weidner at (262) 953-1422.
The alcohol tax bond guarantees compliance with federal or state laws or regulations administering the sale, manufacture, or warehousing of alcohol.
The auctioneer bond protects the owner of the property to be auctioned because of fraud, substitution, or misrepresentation of property by the principal (auctioneer).
See Motor Vehicle Dealers Bond below.
The business services bond would protect the customers of a business from the dishonest acts of the business’s employees.
The collection agency bond protects the customers of collection agencies from from dishonest activity.
The Contract Postal Unit Bond benefits Municipalities, States, and the Federal Government and guarantees the principal will comply with the related rules and regulations.
The. Service Bond protects the clients of a courier service and will indemnify them against dishonest acts of the employees of the courier. This bond requires a conviction to have coverage apply.
The Durable Medical Equipment, Prosthetics, Orthotics, and Supplies (DMEPOS) Bond protects the Federal Government from non-compliance with regulations involving the sale of this type of equipment.
Some governmental bodies require a bond to conduct the funeral business. The Funeral Directors Bond guarantees that the laws, ordinances or regulations relating to a funeral director will be complied with.
The Landscape Bond is required by a municipality to guarantee that the owner of property will do the necessary landscaping and/or improvements as required by a municipality.
The License or Permit Bond is typically required by municipal ordinance, county governments, or by a State. The bond is to be filed prior to the issuance of a license. They guarantee that a business will obey the statutes and license requirements of the governing body.
A Liquor or Malted Beverages Bond will guarantee the payment of taxes by the seller. This covers companies engaged in the sale, manufacture, or warehousing of the product. This is a financial guarantee bond, and by nature, these bonds carry a higher degree of risk. Application and underwriting are necessary prior to issuance.
The Lost Instrument Bond is issued to allow the owner to obtain a copy of the lost instrument. This may be a stock certificate, insurance policy, bond, certificate of deposit, or other financial document. The document may be lost, stolen or destroyed. The applicant for this type of bond will be required to indemnify the surety company for any loss if the original is used to cause financial loss to the surety.
This bond is to benefit the public and guarantees that the mortgage broker will comply with the statutes, and the requirements of the license held. The bond varies from State to State. The State of Wisconsin Department of Financial Institutions (WI DFI) provides information on the following website: http://www.wdfi.org.
Complete the Commercial Surety Application, provide company year-end financial statements, owners personal financial statements, copy of your license application and include a list of other states were bonds are carried and the penalty amounts on those bonds. You can then e-mail it or fax it to Kathy Weidner at (262) 953-1422.
The Motor Vehicle Dealer Bond is required to obtain your auto dealers license. It guarantees you will operate according to the rules and regulations of the license and State in which the dealer is located. Examples of claims may be violation of contracts, fraud, misrepresentation, misappropriation of funds, or other obligations stated in the appropriate state statutes.
The Pawn Brokers Bond is required of persons issued a pawnbrokers license to ensure that they follow all laws relating to the pawnbroker business.
The Pharmaceutical Bond is required by the Federal Government to sell Pharmaceutical Products. The bond guarantees the principal will follow the regulations and requirements associated with the license.
A Public Official Bond guarantees the performance according to the standards expected of the public official. The official is also expected to provide an honest accounting of all public funds and this bond provides for this as well.
The Sales Tax Bond guarantees the payment of sales taxes as provided by the taxing authority where the principal is located.
The Sports Club/Health Club Bond protects the members of a health or sports club if the club or spa goes out of business. It would guarantee the refund of unearned membership fees.
The Stockyard Bond guarantees payment for livestock purchased at Stockyard and accounting for funds received.
Local Authorities require a guarantee that the landowner completes mandatory public improvements in the process of a construction project. The subdivision bond guarantees that those will be done.
The Tobacco Tax Bond guarantees the payment of taxes from the sellers of tobacco products.
The US Customs Bond guarantees that the Customs Fees will be paid from importers/exporters.
The Utility Deposit Bond guarantees the payment of utility fees. This bond required by some utilities is a financial guarantee bond.
The Wage and Welfare Bond guarantees the payment of benefits to employees. Typically the obligee here is a union.
The Wine and Tax Bond is given by those engaged in the manufacture or sale of alcohol to guarantee compliance with regulations, and payment of taxes.
The Workers Compensation Bond is provided to guarantee the compliance with workers compensation statutes in the state or jurisdiction in which they do business.