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Bonds Coverages

You may think you’re fully covered, but sometimes you need a bond to guarantee a financial obligation.

General liability insurance, professional liability insurance, commercial auto insurance, worker’s compensation insurance, commercial umbrella policy and cyber insurance may not be enough in some circumstances. Cragin & Pike can perform an in-depth review of your business and financial wellbeing and make sound recommendations.

A bond, also known as a surety bond, is an agreement between three entities: the principal (the entity that purchases a bond), the obligee (the entity that receives the benefit) and Cragin & Pike. The bond doesn’t pay for claims, but provides a financial guarantee that the entity purchasing the bond will reimburse the obligee if the principal defaults, fails to fulfill its obligations, or a claim is made.

Bonds are needed for a variety of reasons including:

Construction Bonds & Contract Bonds

  • Bid
  • Performance
  • Payment & Maintenance Bonds

Commercial & Court Bonds

  • Appeal
  • Supersedeas
  • Court
  • Bank Depositor
  • Customs
  • Permit
  • Lien
  • Reclamation
  • Tax
  • Subdivision
  • Supply
  • Utility
  • Wage & Welfare
  • Self-insured Bonds
  • and many more

Fiduciary & Probate Bonds

  • Guardian
  • Executor
  • Receiver
  • Trustee
  • Administrator

Let’s Get Started

Ready to create a customized plan to safeguard what you’ve built and ensure your future success? We’re a cohesive team of insurance and risk consultants, ready to serve you.

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