Bonds & Surety
Surety Bonds provide insurance against the risk that the terms of a contract aren’t met, or that work isn’t completed. We offer access to a variety of Surety bond options for all types of businesses and can help you find you the carrier that works best for your company.
The clear advantage
CLEAR Insurance provides a single point of contact for clear, understandable and unbiased recommendations for all your insurance needs. Whether in the area of commercial coverages for a business or in personal coverage, the CLEAR Insurance team is here to help you protect what matters most.
What Types of Bonds Do We Offer?
We offer all types of bonds for all types of businesses. and We’ll find you options with our vast network of insurance carriers so that you can get to work. Check out our list of some of the more common bonds that we write for businesses in Utah and across the U.S.
1. Contract Bonds
Contract bonds are a guaranty from a Surety to a project’s owner (Obligee) that a general contractor (Principal) will adhere to the provisions of a contract. These types of bonds include:
- Bid Bonds
- Performance Bonds
- Payment bonds
- Maintenance Bonds
- Other types of Bonds
2. Notary Bonds
A Notary bond is a financial guarantee Notaries purchase from a surety company. The bond ensures that, as a Notary, you will fulfill all obligations to protect the public from financial harm resulting from any wrongdoing on your part when performing notarial duties.
3. Motor Vehicle Dealer Bonds
Auto Dealer Bonds are a type of surety bond required for car dealers before they can get their car dealer license. An auto dealer bond protects customers from fraud or misrepresentation during a business transactions.
4. License & Permit Bonds
License and permit bonds are required by a municipality or other public body as a condition to granting a license or permit to engage in a specified activity, this bond guarantees that the party seeking the license or permit (the obligor) will comply with applicable laws or regulations.
5. Specialty Bonds
There are various other types of bonds that we can help you find for your business that may be unique to your industry. Ask one of our agents today about the type of bond your business need and we’ll work with our carriers to help.
CLEAR Insurance will create a policy that
- Has Multiple Options
Finding the best bond means that you need options. As an insurance broker, we work with multiple carriers to find you the best rates and provide you with the best choice.
- Meets Requirements Faster
We understand that you need to get your bond so that you can get to work. We have team members dedicated to making sure that you the best bond at the best price as fast as possible.
- Offers You Trusted Experience & Advice
We do bonds for all types of businesses, and we we are here to help you understand how bonds work. We’ll do the research and advise you on what we think is best for your business.
Above all, we are independent from any insurance company and we work for you, in getting the best products, at the best price and service you will come to expect and can’t do without.
