Surety Bonds & Fidelity Bonds
Protect your business with a surety bond through Mourer-Foster, Inc.
Whether you’re looking for commercial surety bonds, contract surety bonds or fidelity bonds, we offer a variety of options that can be tailored to your specific needs.
At Mourer-Foster, Inc., we believe that surety bonds should be affordable while still offering a high level of coverage. For individual assessment of your needs, please contact a Surety Bond Specialist.
Commercial & Corporate Surety Bonds
This surety class is made up of simple, transactional bonds that do NOT contain contract performance guarantees. License and permit bonds, public official bonds, court bonds and miscellaneous bonds are the major categories of this class.
A bid bond provides financial assurance that the bid has been submitted in good faith, that a contractor will enter into a contract at the amount bid, and will also provide the appropriate performance and payment bonds. These bonds are used by obligees (project owners) to pre-qualify contractors submitting proposals.
We offer bonds to cover a variety of small business enterprises such as janitorial services, pet sitters, housekeepers, valets, tow truck operations, home health care providers, security guards and the like.
Contract surety bonds protect a project owner from financial loss should the bonded contractor fail to fulfill the contract in accordance with its terms and conditions. Performance bonds are usually packaged with payment bonds. These contract surety bonds ensure your business’s protection throughout the project lifespan from inception to completion.
Fidelity bonds, also known as Commercial Crime Policies, are written to protect organizations from the impact of an employee’s dishonest acts. We will work with you to create specialized fidelity bond coverage for your business.
A license and permit bond are required in certain industries by government agencies in order to become legally licensed. For those bonds up to $25,000, ordinarily only a completed application is necessary. Larger bonds may require a financial statement.
Performance bonds guarantee performance of the terms of a contract. These bonds frequently incorporate payment bonds (labor and materials) and maintenance bonds.
Bonding ultimately aims to protect the project owner from financial loss should the contractor fail to perform the contract in accordance with its terms and conditions.
A payment bond covers payment of subcontractors, laborers and materials suppliers associated with the project. Payment bonds are issued for the protection of those supplying labor or materials to a particular bonded project.
A Probate Bond serves as protection against misrepresentation, fraudulent acts, errors, negligence, and theft by the executor or administrator of the estate. The protection lasts until the probate process is completed and the property is distributed to the heirs of the estate.
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We feel like family, everyone is so helpful – handling issues immediately! Staff is so good about explaining all options available very clearly allowing us to make a good decision! We wouldn’t go anywhere else!