COMMERCIAL INSURANCE ASSOCIATES, INC.
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    • Locations >
      • Pennsylvania >
        • Landenberg, PA
        • West Chester, PA
      • Delaware >
        • Blog - Delaware
        • Newark, DE
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        • Alexandria, VA
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    • Insurance >
      • Business >
        • General Liability Insurance
        • Commercial Auto Insurance
        • Workers Compensation
        • Commercial Property Insurance
        • Surety Bonding
        • Business Insurance
        • Business Owners Package (BOP) Insurance
        • Group Benefits
        • Insurance Bonds
      • Vehicles >
        • Auto Insurance
      • Health >
        • Health Insurance
        • Dental Insurance
        • Vision Insurance
      • Life/Financial >
        • Life Insurance
        • Umbrella Insurance
      • Property >
        • Home Insurance
        • Flood Insurance
        • Landlords Insurance
    • Client Testimonials
    • Insurance Carriers
    • Accessibility Statement
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      • Insurance Bond Quote
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Insurance Bonds

If you need an insurance bond to bid on or get hired for a new job call us. We're insurance bond experts and we'll get it taken care of you... Fast!

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What is an Insurance Bond?

An insurance bond ensures contract completion in the event of contractor default and are typically required by project owners when seeking a contractor to fulfill a contract. 

The contractor obtains a bond so the insurance company is obligated to compensate the project owner for the financial loss incurred if the work is not completed. ​

Typical Insurance Bond Types

Although there are many types of insurance bonds, the four most common types needed by business owners are:
  • Bid Bond - Ensures the bidder on a contract will enter into the contract and furnish the required payment and performance bonds if awarded the contract.
  • Payment Bond - Ensures suppliers and subcontractors are paid for work performed under the contract.
  • Performance Bond - Ensures the contract will be completed in accordance with the terms and conditions of the contract.
  • Ancillary Bond - Ensures requirements integral to the contract, but not directly performance related, are performed.


Contact us to learn more about the right insurance bond for you.
(855) 722-5424
1547 New London Rd
Landenberg, PA 19350​
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