Surety Bond Insurance

Let a Hero Take Care of your Bonding so you can Take Care of Business!

Protect your customers and differentiate your business from the competition by choosing surety bond insurance with Insurance Hero. Surety insurance covers the obligee from any losses resulting from the failure of the principal to meet their obligations. There are several types of surety bonding, including contract surety bonds, commercial surety bonds, bid bonds, licensing bonds, fidelity bonds and payment bonds.

Some of the industries that can benefit from surety insurance include:

  • Transportation, Trucking and Logistics
  • Service Contractors
  • General and Specialty Contractors
  • Suppliers and Manufacturers
  • Subcontractors

What is Surety Bonding?

Surety bonding is a promise to pay one party (the obligee) a certain amount of money if a second party (the principal) fails to meet their obligations. This can mean failure to fulfill terms of a contract, failure to complete a construction project, and can even cover instances of employee theft.

Why Should I Choose Bonding Insurance?

Many businesses in Ontario opt for surety bond insurance to guarantee that their employees will perform the duties they have been hired to perform. Surety bonding is an essential tool that can increase your customers’ trust in your business and build your reputation in your industry.

Your business may also be required to post a bind as part of your licensing requirements. These type of surety bonds typically guarantee that the principal will comply with any codes or regulations established by the obligee, who is usually a government body such as a city, town, or municipality.

If you’re searching for the right type of surety bonding in Ontario, call Insurance Hero at 1-855-777-4376 or request a quote online.

Looking For More Business Insurance?

Small Business Insurance

If you believe that your business qualifies for small business insurance, contact InsuranceHero.ca today! We will match you with a home business insurance policy that allows you to run a safer and more secure business.

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Liability Insurance

Commercial liability insurance policies can differ in cost depending on the type of industry, claims history, the business’s location, coverage type, or other factors.

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Transportation Insurance

Are you in the market for commercial truck insurance to cover a fleet or individual commercial vehicle? As an independent brokerage we represent many of Canada’s top insurance providers, which means that we can connect you with the transportation insurance company best suited to meet your needs.

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Specialty Insurance

At Insurance Hero, we’re proud to be able to offer Ontario with specialty insurance with the same affordability and convenience associated with our home, auto and commercial vehicle insurance services.

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Commercial Marine Insurance

As a trusted commercial insurance broker, InsuranceHero.ca brings you a wide range of marine insurance. Your insurance coverage will depend on the type of business you own, equipment and other property that needs protection.

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Aviation Insurance

Are you searching for the best aviation insurance in Canada? When you are insuring your personal or commercial aircraft, you want peace of mind knowing that you’re covered in all respects.

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Home Business Insurance

Home based business insurance is necessary for every business that runs directly out of their home. Keeping your overhead cost low is a top priority and that’s why Insurance Hero gives you options to select the most affordable coverage.

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