Bonds

What is bond insurance?

Highland Park, Eagle Rock,Cypress Park,Montecito Heights,Pasadena,Boyle Heights, East Los Angeles, Down Town Los Angeles,Huntington Park,City Terrace,Fontana,Rialto,Rancho Cucamonga,San Bernardino and surrounding areas in California

An issuer of a bond can purchase bond insurance to guarantee scheduled payments of interest and principal on the bond to its bondholders in case the issuer defaults. Once the issuer purchases bond insurance, its credit rating is replaced with the insurer’s credit rating. Premiums are a measure of the perceived risk of failure of the issuer and are paid to the insurer in either lump sums or installments.

What are the benefits of being bonded?

Being bonded gives issuers the ability to leverage business growth. With the increased stature of having the insurer’s credit rating, a business can feel safer in taking risks to improve and grow the business. This is especially true in the construction and financial industries.

A bonded business can obtain unbiased criticism from a credit professional and seek advice in underwriting projects.

Some bonds we handle include, but are not limited to, the following:

• Contract performance bonds
• Bid bonds
• Maintenance bonds
• Payment bonds
• Supply bonds
• License and permit bonds
• Miscellaneous bonds

Get started today!

Thank you for your interest in Crown Reinas Insurance Agency. We work for you not the insurance companies. Please feel free to call one of our offices in Fontana at 909-251-4887, Highland Park and Boyle Heights in Los Angeles at 323-550-1444. You can also email us any questions and an insurance agent will reply promptly.