BARROOD AGENCY INC.

Insurance, Real Estate and Travel since 1940
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A bond may be required in relation to the handling of an estate or guardianship. This type of bond is most commonly needed when a court appointed fiduciary takes control of a person’s property and distributes proceeds according to law.  Court bonds ensure that one is protected from possible loss as a result of the outcome of the proceeding.
 
 

Contract Bonds
 
Contract Bonds are required by federal, state, or local governments to guarantee the completion of a job as per the terms of a contract (typically construction).  Examples include bid bonds, performance bonds, and subdivision bonds.
 


Commercial; License and Permit

 

Almost every business which needs a license or permit to do business, requires a bond to guarantee the owner's honesty, integrity, performance and payment.  Examples include auto dealer bonds, mortgage broker bonds, wage & welfare bonds, etc.

 


Fidelity Bonds

 

These bonds guarantee that bonded employees will handle their employer's money and property with fidelity. In other words, it guarantees that you are covered if they steal. Examples include employee dishonesty bonds, janitorial bonds, and notary bonds.

 If you have questions regarding any type of bond, please call our office or email our bonding department.