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Surety and Fidelity Bonds

Bonds can provide an extra layer of protection for your business. Trust the experts at Selective to help you get the right type of bond for your needs.

Bonds are essential for contractors, specialty construction firms, and many other businesses. They are usually required for public bid projects and help prove or support the financial stability of your company.

At Selective, we provide a range of bonds within two distinct categories: Surety Bonds and Fidelity Bonds.

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SURETY BONDS

Ideal for contractors, manufacturers, wholesalers, and distributors who bid on projects for public and private owners, surety bonds guarantee contractual obligations between you and the obligee.

We also provide commercial surety bonds to cover licensing and permitting requirements as well as probate, public official, and many other commercial bonds.

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FIDELITY BONDS

Fidelity Bonds offer protection beyond the coverage in your business insurance policy. They help protect employers against losses caused by fraudulent actions such as theft, embezzlement, and forgery.

Selective supports commercial businesses, not-for-profit organizations, public entities, and pension and profit-sharing plans with fidelity bonds.

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DOES YOUR BUSINESS NEED A BOND?

Depending on your contractual, regulatory, or legal requirements, you may need (or want) a bond for your business. These obligations can vary by state, industry, or contract. You may also want to be bonded for additional protection if you perform services in someone else’s home or business.

If you are unsure whether you need a bond, an independent agent who partners with Selective can help you understand the benefits of bonding and if a surety or fidelity bond is right for your business.

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