Surety and Fidelity Bonds

Business Liability Insurance

Depending on your line of work, you may need surety or fidelity bonds.  Westgate Insurance Agency offers both, and our helpful staff is able to assist you with the process. We’re here to answer any questions you may have. Call us today!

What is a Surety Bond

A surety bond, also known as a “commercial surety bond”, can relate to one or more professions and bond types. It is a guarantee from businesses that they will abide by all applicable laws to their profession. One example is a construction company that has to agree to uphold all laws in relation to building codes.

Other examples of surety bonds include:

• Probate bonds
• Custom bonds
• Tax bonds
• Brokers bonds
• Lottery

If you’re not sure if your business needs a surety bond, talk to one of our agents. We’ll be happy to help ensure you are completely covered.

What is a Fidelity Bond

When hiring an employee, you trust they’re going to be honest and adhere to all rules you set forth. Unfortunately, this doesn’t always happen no matter how careful you are when hiring someone. Theft is something that business owners have to deal with – just not only with their customers. Employee theft is something that business owners may face one day. If you suffer a loss due to employee theft, a fidelity bond can help protect you.

The fidelity bond works as an insurance policy to help cover your loss.  Employee theft can cause a great financial burden if it happens to your company, so it’s essential to be covered. For more information regarding surety or fidelity bonds, contact one of our agents today.