Surety bonds and

fidelity bonds


Help protect the interests of your growing business.

What is a surety bond?

    A surety bond is a binding contract between three parties: the principal (you or your business), the surety (SafeRide), and the obligee (the customer/entity requiring the bond). The surety guarantees to an obligee that the principal will act in accordance with the terms of the bond.


    You may be obligated to provide a bond as part of a business license or contract requirement. Being bonded may also help you attract new business. Potential clients might take comfort in knowing they will be protected by it.


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Why you may need a surety bond

    Surety bonds are often required of businesses or professionals who provide services to customers. These bonds are meant to ensure the business or professional will do their work in accordance with the licensing laws and other regulations.


  • As a business owner, you may need a surety bond to guarantee payment for state sales taxes or utility bills.
  • If you’re the administrator or executor of an estate, a bond may be required to ensure that you faithfully execute your fiduciary duties in accordance with the law.
  • Notary publics are required to post bonds in most states.
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    What are the different types of surety bonds we offer?

We offer far more types of surety bonds than we can possibly list here. So, we’ll only highlight the more common ones:

  • License and Permit Bonds

        These bonds may be required for your business to be properly licensed in a given city, county, or state. License and permit bonds are meant to ensure that the work done by your business will be in compliance with specific state and municipal laws.


    Types of license and permit bonds you may need:

    • Electrician's license bond
    • Plumber's license bond
    • HVAC contractor’s license bond
    • General contractor's license bond
    • Driveway permit bond
    • Sign permit bond

  • Public Officials Bond

    Public officials, particularly ones responsible for handling public funds, are usually required to provide a bond that guarantees they will faithfully and honestly perform their duties while in office.


    Positions requiring public official bonding can include:

    • Notaries
    • Treasurers
    • Tax Collectors
    • Law Enforcement Officers
    • Judges

    What is a fidelity bond?

Fidelity bonds are insurance policies that offer businesses protection against loss of money and securities caused by fraudulent or dishonest acts committed by employees.

Common types of fidelity bonds include:

  • Business Services Bonds

    Business services bonds protect your customers against acts of dishonesty or theft committed by you or your employees while working on the customer’s premises.

  • Condo and Homeowners Association Bonds

    Condo and homeowners association bonds offer protection against dishonesty by employees, directors and officers, or others who have access to association funds.

  • Employee Dishonesty Bonds

    Employee dishonesty bonds insure businesses against dishonest acts committed by their covered employees.

  • Non-profit organization Bonds

    Non-profit organization bonds offer protection from dishonest acts of employees who have access to the organization’s funds.

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