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Your trusted local source for Commercial, Contract and Fidelity Bonds. 

Craig's advice.. 

"The common contractor bond's (ie. License, Permit, etc.) can be obtained quickly at a low cost.  But, Performance bonds can be complicated requiring numerous supporting financial documents and anywhere's from 3-6 weeks to process (shorter turnaround depending on finances). "

Surety Bonds

Surety Bonds are three-party agreements in which the issuer of the bond (the surety) joins with the second party (the principal) in providing protection to a third party (the obligee) regarding fulfillment of an obligation on the part of the principal. An obligee is the party (person, corporation or government agency) to whom a bond is given. The obligee is also the party protected by the bond against loss.  Here are a few common Surety bonds.
BID BOND 
Provides financial assurance that the bid has been submitted in good faith, and that a contractor will enter into a contract at the amount bid and post the appropriate performance bonds. These bonds are used by owners to pre-qualify contractors submitting proposals on contracts.
CONTRACT BOND
A general classification of bonds that provide financial security and construction assurance on building and construction projects by assuring the project owner (obligee) that the contractor (principal) will perform the work and pay certain subcontractors, laborers, and material suppliers.
LICENSE AND PERMIT BOND
License and Permit Bonds are required to obtain a license or permit in many cities, counties, states or other political subdivisions. They may be required for a number of reasons, including the payment of certain taxes and fees or providing consumer protection as a condition to granting licenses related to selling things such as motor vehicles or contracting services.
PAYMENT BOND
Payment bonds cover payment of the contractor's obligation under the contract for subcontractors, laborers, and materials suppliers associated with the project. Since liens may not be placed on public jobs, the payment bond may be the only protection for those supplying labor or materials to a public job.
PERFORMANCE BONDS
Performance Bonds cover performance of the terms of a contract. These bonds frequently incorporate payment bond (labor and materials) and maintenance bond liability. This protects the owner from financial loss should the contractor fail to perform the contract in accordance with its terms and conditions.

Fidelity Bonds

Bonds designed to protect against dishonesty. These bonds cover losses arising from employee dishonesty and indemnify the principal for losses caused by the dishonest actions of its employees.
Fidelity bonds guarantee that the bonded employee(s) will handle their employer's money and property with fidelity. In other words, it guarantees they won't steal.
EMPLOYEE DISHONESTY BOND
Employee Dishonesty Bonds guarantee that the bonded employee(s) will handle their employer's money and property with fidelity. Small companies can be especially hard hit because they can't afford extensive safeguards and do not have the financial capacity to absorb the losses.
JANITORIAL SERVICES BOND
Those that provide janitorial services can be vulnerable due to employee access to customers assets, equipment, supplies and personal belongings. This bond is specifically designed to provide protection for this sort of potential problem.
PENSION TRUST (ERISA) BOND
Pension Plans and profit sharing programs are managed by appointed individuals known as plan fiduciaries. The Pension Reform Act of 1974 states that the fiduciaries of a pension or profit sharing fund are required to post a bond for 10% of the amount of funds handled.

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