telephone icon(410) 312-7800
mcfarlin logo website preheader
  • Main Menu
    • Home Page
    • Agent History
    • Claim Information
    • Important Links
    • Insurance Glossary
  • Commercial Insurance
    • Business & Commercial Insurance
    • Business Owners (BOP) Insurance
    • Contractors Insurance
    • Cyber Liability/Data Breach Insurance
    • Employment Practice Liability
    • General Liability Quote Form
    • Non Profit Insurance
    • Technology Insurance
    • Workers Compensation
  • Personal Insurance
    • Auto Insurance
    • Homeowners Insurance
    • Renters Insurance
    • Personal Umbrella Insurance
  • Bonding
    • Bonds
    • Bond Request Form
  • Life & Health
    • Life
    • Health
    • Disability
    • Long-Term Care
  • About Us
    • Agent History
    • Agency Leadership
    • Location
    • Associations
    • Contact Us
    • Privacy Policy
  • Blog
Business Personal Bonds Benefits
Home > Blog > What Types of Business Bonds are Available?
THURSDAY, JANUARY 2, 2014

What Types of Business Bonds are Available?

Maryland Business bondsBonding your business is a promise to your customer that the job will get done as promised, therefore adding credibility to your name. Surety bonds come in a variety of forms to match the unique needs of your industry, particularly construction and financial. Essentially, a bond is an agreement between a surety company and the principal that is designed to protect the owner of the project, or the customer. If the principal fails to perform the job as agreed upon and cannot afford to fix the mistake(s), the surety company steps in to assist.

Many state laws and statutes require businesses to obtain bonds before work can begin. To meet these needs, the following bonds are available, but not limited to:
  • Contractor license bond: Guarantees that a bonded contractor and his or her crew will comply with required construction codes in order to complete a project.
  • License and permit bond: Held by local governments in order to issue licenses and permits to businesses, which include contractor license bonds, HVAC commercial bonds, electrician bonds, plumber bonds and non-resident license bonds.
  • Auto dealer bond: Guarantees that the dealer complies with the law. This umbrella includes motorcycle dealer bonds, boat dealer bonds, mobile home dealer bonds, vessel dealer bonds and snowmobile dealer bonds.
  • Fuel tax bond: Guarantees that fuel sellers will pay sufficient taxes.
  • Warehouse bond: Guarantees that goods stored in a warehouse will be delivered as agreed upon after presentation of a receipt.
  • Agricultural dealer bond: Required by businesses that buy and resell agriculture products. This umbrella includes hay dealer bonds, milk dealer bonds, grain dealer bonds, livestock dealer bonds and produce dealer bonds.
  • Liquor bond: Guarantees compliance with laws involving the manufacturing, warehousing and sale of liquor.
  • Utility bond: Guarantees the payment of utility bills.
  • Lease bond: Guarantees compliance with lease requirements, which include rent, royalties, abandonment, environmental damage and other lease obligations.
Bond your business today. Call McFarlin Insurance Agency at (410) 312-7800 for more information on Maryland business bonds.
Posted 5:45 PM

Tags: maryland business bonds, surety bonds, insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010

  • insurance(76)
  • maryland(40)
  • coverage(38)
  • business(23)
  • tips(23)
  • business insurance(22)
  • commercial(21)
  • home insurance(16)
  • savings(15)
  • policy(11)
  • columbia(11)
  • contractors(11)
  • commercial insurance(9)
  • auto insurance(9)
  • general liability(8)
  • health insurance(8)
  • liability(7)
  • baltimore(7)
  • surety bonds(6)
  • maryland business insurance(6)
  • bonds(6)
  • auto(6)
  • life insurance(6)
  • homeowners(6)
  • flood insurance(4)
  • life(4)
  • group health insurance(4)
  • safety(4)
  • d and o insurance(4)
  • renters insurance(4)
  • umbrella insurance(3)
  • md(3)
  • car(3)
  • compensation(3)
  • health(3)
  • general(3)
  • jewelry insurance(3)
  • workers(3)
  • dandoinsurance(2)
  • belongings(2)
  • umbrella(2)
  • whole(2)
  • risk(2)
  • epli(2)
  • professional liability(2)
  • columbia auto insurance(2)
  • maryland insurance(2)
  • retirement(2)
  • payment bond(2)
  • small business(2)

View Mobile Version
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
Connect With Us: Social Social Social Social
Icon

Visit Us

Agency
McFarlin Insurance Agency, LLP
8325 Guilford Rd, Suite A
Columbia, MD 21046


Phone: (410) 312-7800
Fax: (410) 312-7808
Icon

Site Links

About Us
Business Insurance
Personal Insurance
Bonds
Benefits
Blog
Customer Service
Contact Us
Powered by Insurance Website Builder