Surety Bonds

Bonds are typically distinguished between Surety Bonds, which guarantee the performance of a contract, and Fidelity Bonds, which protect against the dishonesty of employees or persons occupying positions of trust. The rest of bonds fall into the miscellaneous category.

There are hundreds of bonds that Forsberg-Engerman can write, but we have selected a sample of the most commonly used ones to the left. Select a bond to read a description of it. If you are interested in finding out the price for one of these bonds or any other type of bond you need for your business, then please contact one of our agents.

Forsberg Engerman Advantage

The agents at Forsberg-Engerman will help you decide whether you need bonds for your business. It is important to understand that bonds are not insurance.

A bond is a three-party contract where the bonding company (surety) guarantees that the company that buys the bond (principal) will fulfill the contract or obligation stated in the bond or else the company that buys the bond (principal) will pay the entity that suffered the loss (obligee). If you have any questions about bonds and the bonding process, please contact our office.

Granite Re, INC

Granite Re, Inc. has been providing small to medium sized contractors with an alternative to the standard bond market since 1986.

EMC Insurance Companies

EMC’s Bond Department has the resources to respond to your specialized and unique bonding needs. Many of those needs may be of a financial guarantee nature, such as a lost securities bond.