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Commercial Insurance

When it comes to owning a small business. It is imperative to protect your livelihood by following all state and local laws while also insuring your...

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Home Insurance

Home insurance is essential for homeowners and renters looking to protect their investments in their homes and Varadas Insurance...

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Auto Insurance

How can you feel secure when you are behind the wheel? The reality is that accidents can happen and they are highly unpredictable. The only way...

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Bonds and Surety

What are Bonds?

Bonding is used to let your customers and clients know that you are serious about your business and that you stand by it. Being Bonded makes you more credible and trustworthy. Bidding on jobs is often a bigger success when your business is bonded.

Types Of Bonds

There are several types of bonds. Examples include:

  • Fidelity bonds protect you in the event that an employee steals or embezzles from you or commits forgery.
  • License and Permit bonds are also widely used by businesses that hire a private investigator, an appraiser, or a home inspector. They are also used by public officials such as notaries, court clerks, and tax collectors.
  • Bid bonds are part of the job bidding process issued to protect the project owner, to provide guarantee that the winning bidder will undertake the contract.
  • Performance bonds are surety bonds issued to guarantee satisfactory completion of a project by a contractor.

Contact Varadas Insurance Group

If you need to obtain a Bond give us a call today. We will answer all of your questions and help you choose the proper surety for your business.

Contact Us

(704) 774-9706