Commercial Surety Bonds

The ultimate peace of mind for everyone involved.

Commercial surety bonds secured with Midwest Risk Partners.

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A commercial surety bond is a great way to guarantee financial protection. We offer a broad range of solutions to aid in your financial security. Contact us for more information or if you do not see what you are looking for below.

When would a commercial surety bond be necessary?

Three parties are involved when it comes to bonds. First, the fiduciary takes out the bond for coverage if they fail to perform their duties. It also involves those protected by the bond, like the beneficiaries. And finally, the surety bond company guarantees that the fiduciary will perform their duties lawfully and ethically.

We offer a broad range of commercial surety bonds for your convenience.

Protecting you is our ultimate focus; that’s why we offer the following solutions for your needs.

  • Notary Public Bond
  • License and Permit Bonds
  • Fidelity Bonds
  • Judicial and Probate Bonds
  • Sales Tax Bonds
  • Public Official Bonds
  • Miscellaneous Bonds

Learn more about the available bonds below.

Notary Public Bonds

A notary public bond is designed to guarantee the public that the notary will faithfully perform the duties of that office.

License and Permit Bonds

State or local laws require license and permit bonds be issued to operate certain types of businesses. Examples of such businesses include: streets, sidewalks, gutters, drainage systems, etc.

Bonds under licensing and permitting include:

  • Contractor Bond
  • Sales Tax Bond
  • Auctioneer Bond
  • Real Estate Broker Bond
  • Gasoline Tax Bond
  • Liquor and/or Beer Bond
  • Home Improvement Bond
  • Electrician Bond
  • Plumbers Bond
  • Fuel Dealer Bond
  • Motor Vehicle Dealers Bond

Fidelity Bonds

A fidelity bond is a form of protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals. It usually insures a business for losses caused by the dishonest acts of its employees. There are many types of fidelity bonds available to different types of businesses.

As a trustee of an employee benefit plan, you are a fiduciary who owes certain stringent obligations to the participants and beneficiaries of the plan that placed their trust in you which is protected by E.R.I.S.A. Bonds. The Employee Retirement Income Security Act of 1974–requires, among other things, that the trustees of an employee benefit plan have fidelity coverage equal, at a minimum, to 10% of the total plan’s assets.

Judicial and Probate Bonds

Such bonds secure the duties and their compliance with court orders. They guarantee honest accounting and faithful performance by fiduciaries and/or trustees. These bonds are required by courts to assure individuals are appointed to set up and administer estates of deceased persons, incompetent persons, and/or minors—for example, administrators, executors, guardians, trustees of wills, etc.

Essentially, these encompass the following bonds:

  • Attachment-Plaintiff Bond
  • Costs-Plaintiff Bond
  • Indemnity to Sheriff Bond
  • Injunction-Plaintiff Bond
  • Liquidator Bond
  • Replevin Bond
  • Administrator Bond
  • Guardian Bond
  • Trustee Bond

Sales Tax Bonds

Some states may require a sales tax bond to guarantee that you or your business will pay the anticipated state or local sales tax. A sales tax bond is considered a financial guarantee surety bond.

The surety bond amount is usually calculated by the gross receipts or the projected sales taxes that you may be paying at the end of the year. Each state has its own sales tax bond form. A sales tax bond form is usually supplied to the client by the obligee. The sales tax bond can actually benefit the company by not tying up their working capital with a security deposit held by the State for several years.

To apply for a sales tax bond, please contact us using the form below.

Public Official Bonds

The public official bond is designed to guarantee the public that the newly elected or appointed official faithfully will perform the duties of that office. Examples include sheriffs, judges, clerks, notaries, etc.

Some of the bonds offered include:

  • Tax Collector Bond
  • Notary Public Bond
  • Constable Bond
  • Sheriff or Deputy Sheriff Bond
  • Treasurer-State, County, City, School Bond
  • Clerk of Court Bond
  • Clerk, City, or Clerk-Treasurer Bond

To apply for a public official bond, please contact us using the form below.

Miscellaneous Bonds

Bonds not classified into specific categories are called miscellaneous bonds. Bonds falling into this category are, including but not limited to:

  • Lost Instrument Bond – Stocks, Bonds, Checks, and Certificates of Deposit
  • Abandoned Property Bond
  • Lease Bond
  • Ocean Freight Forwarder Bond
  • Indemnity Bonds to Common Carriers
  • Wage and Welfare Bond—Union Wage Bond

To apply for any of the bonds listed under miscellaenous, please contact us using the form below.

If there’s anything else you need to know about surety bonds, contact us today.

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