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Surety & Fidelity Bonds

There are many good reasons why Selective should be your Surety and Fidelity Bond market of choice. Whether it's our comprehensive bond product offerings, wide-ranging underwriting appetite, automated service solutions or network of distribution partners, you can trust our team of expert bond professionals to be there for you when you need us.

Please contact your Selective agent for more information about our Surety and Fidelity Bond products.

Contract Surety Bonds

With few exceptions, public construction projects on the federal, state or local level require the contractor to provide a bond. The ability to obtain surety bonding is the lifeblood of a construction company, and we serve all types of contractors and specialty trades, as well as service providers and manufacturers, wholesalers and distributors in providing:

  • Performance Bonds – Guarantee that a contractor will perform in accordance with the terms and conditions of the contract.
  • Payment Bonds – Guarantee that a contractor will pay its subcontractors and materials suppliers.
  • Bid Bonds – Assure that a bid for a contract has been submitted in good faith and that a contractor will enter into a contract at the price bid and provide required performance and payment bonds.
  • Site Improvement Bonds – Guarantee the completion of public improvements in accordance with governmental ordinances when required in conjunction with the construction of or improvements to a commercial building.

Commercial Surety Bonds

Surety Bonds are required to meet a myriad of commercial obligations, ranging from simple, low-risk bonds required to guarantee compliance with a license to more complex, high-risk financial guarantees including:

  • License & Permit Bonds – Typically low bond penalty amounts – required by governmental entities in connection with a license or permit to operate a business.
  • Public Official Bonds – Required by local or state statutes that set the bond amount – commonly required for Treasurers, Tax Collectors, Municipal Clerks and School Administrators.
  • Judicial/Fiduciary (Court) Bonds – Required when an individual must act in the capacity of another person – commonly required for an executor or administrator of an estate, guardian of a minor or incompetent and court appointed trustees.
  • Miscellaneous Bonds – Required by governmental entities, utility companies or labor unions to guarantee the payment of money, indemnity obligations or performance of an obligation.

Fidelity Bonds

Also known as Crime Bonds, Fidelity Bonds help protect assets from loss due to dishonest acts. We specialize in serving commercial businesses, not-for-profit organizations, public entities and pension and profit sharing plans as well as service companies in tailoring coverage solutions to meet specific needs including:

  • Commercial Crime
  • Employee Theft
  • Forgery/Alteration
  • Theft of Money & Securities
  • Safe, Burglary & Robbery
  • Computer Fraud
  • Funds Transfer Fraud
  • Pension and Profit Sharing Plan (ERISA) Bonds
  • Clients’ Property (Third-Party Fidelity) Bonds

Consider your bond to be as good as the company behind it, and rely upon the consistent market leadership, financial strength and stability of Selective.