Bond Insurance - Leverage Business Growth
Multiple Locations to Serve You: Oswego, Fulton, Brewerton, Mexico and Clayton, New York
What is bond insurance?
An issuer of a bond can purchase bond insurance to guarantee scheduled payments of interest and principal on the bond to its bondholders in case the issuer defaults. Once the issuer purchases bond insurance, its credit rating is replaced with the insurer’s credit rating. Premiums are a measure of the perceived risk of failure of the issuer and are paid to the insurer in either lump sums or installments.
What are the benefits of being bonded?
Being bonded gives issuers the ability to leverage business growth. With the increased stature of having the insurer’s credit rating, a business can feel safer in taking risks to improve and grow the business. This is especially true in the construction and financial industries.
A bonded business can obtain unbiased criticism from a credit professional and seek advice in underwriting projects.
Some bonds we handle include, but are not limited to, the following:
- Contract performance bonds
- Bid bonds
- Maintenance bonds
- Payment bonds
- Supply bonds
- License and permit bonds
- Miscellaneous bonds
Get started today!
Thank you for your interest in OVIA Insurance Agencies. We offer quick and easy quote forms for your convenience or you can email your questions and an insurance agent will reply promptly. Contact us today at 844-438-6842 (844-Get-OVIA), and we can answer any questions you have about bond insurance.
Towns and Villages served by Oswego, Fulton, Phoenix, Mexico, Brewerton Offices:
Oswego, Fulton, Albion, Amboy, Boylston, Constantia, Granby, Hannibal, Hastings, Mexico, Minetto, New Haven, Orwell, Palermo, Parish, Redfield, Richland, Sandy Creek, Schroeppel, Scriba, Volney, West Monroe, Williamstown, Central Square, Cleveland, Lacona, Parish, Pulaski, Syracuse, Brewerton, Camillus, Cicero, Clay, DeWitt, Elbridge, Fabius, Geddes, LaFayette, Lysander, Manlius, Marcellus, Onondaga, Otisco, Pompey, Salina, Skaneateles, Spafford, Tully, Van Buren, East Syracuse, Fayetteville, Jordan, Liverpool, Minoa, North Syracuse
Villages and Towns served by Clayton Location:
Watertown, Adams, Alexandria, Antwerp, Brownville, Cape Vincent, Champion, Clayton, Ellisburg, Henderson, Hounsfield, Le Ray, Lorraine, Lyme, Orleans, Pamelia, Philadelphia, Rodman, Rutland, Theresa, Wilna, Worth, Alexandria Bay, Black River, Carthage, Chaumont, Deferiet, Dexter, Evans Mills, Glen Park, Herrings, Mannsville, Sackets Harbor, West Carthage, Ogdensburg, Brasher, Canton, Clare, Clifton, Colton, De Kalb, De Peyster, Edwards, Fine, Fowler, Gouverneur, Hammond, Hermon, Hopkinton, Lawrence, Lisbon, Louisville, Macomb, Madrid, Massena