The guarantee you need to succeed
What is Bond Insurance?
Bond insurance is a type of policy that guarantees repayment of specific principal and associated interest payments to the bondholder in the event of default. Bond issuers purchase insurance in order to raise their credit rating so they qualify for a lower interest rate, thus reducing their overall repayment requirement.
Who Needs Bond Insurance?
Many businesses face a wide variety of bonding requirements. Service industries that enter homes or business may be required to purchase a bond guaranteeing the safety of personal items. Some of the more typical types of surety bonds provided by Lussier Insurance include:
- Bid, Performance and Payment
- Construction Materials Supply
- Depository Bonds
- Licenses and Permit
- Lost Instrument
- Release of Lien
Let the professionals of Lussier Insurance know what type of bond you need. With our vast network of insurance companies, we’ll be able to meet your needs quickly, efficiently and affordably.