Bonds for Your Business
Fast, reliable bonding solutions to meet your business and licensing needs
Whether you’re a contractor bidding on a new project, a business owner applying for a license, or a professional required to carry a surety bond, we’re here to help. At Keslar Insurance, we make the bonding process simple, fast, and personalized—so you can stay compliant, competitive, and confident.
What Are Bonds?
Bonds are not the same as insurance, but they provide a similar sense of protection and financial guarantee.
A bond is a three-party agreement between:
- The principal – That’s you (the business or individual required to obtain the bond)
- The obligee – The entity requiring the bond (such as a government agency or client)
- The surety – The company guaranteeing that you’ll fulfill your obligation
If you fail to meet the agreed terms (like completing a job or paying taxes), the surety steps in to compensate the obligee, then seeks reimbursement from you.
Common Types of Bonds We Offer
We work with reputable surety companies to provide a wide variety of bond types, including:
Contract Bonds
- Bid Bonds – Ensure you’ll enter a contract if awarded the bid
- Performance Bonds – Guarantee the work will be completed as agreed
- Payment Bonds – Ensure subcontractors and suppliers are paid
- Maintenance Bonds – Cover defects or warranty periods after project completion
License & Permit Bonds
- Required by government entities to ensure business compliance
- Common for contractors, auto dealers, mortgage brokers, and other regulated professions
Commercial Bonds
- Fidelity Bonds – Protect against employee dishonesty or theft
- Business Service Bonds – Reassure your clients that your employees are covered while working on-site
- Tax or Utility Bonds – Guarantee payment of obligations to government or utility providers
Court & Probate Bonds
- Executor/Administrator Bonds – For those managing estates
- Guardianship Bonds – For individuals appointed to manage someone else’s affairs
- Appeal Bonds – Required when appealing a court judgment
FAQs About Bonds
Do I need a bond or insurance?
Sometimes you need both. Bonds guarantee performance or compliance, while insurance protects against accidents or liability. If you’re unsure, we’ll help determine what’s required.
How much does a bond cost?
Bond premiums vary, usually ranging from 1–10% of the bond amount. Your credit history, business financials, and the type of bond all impact the rate.
How long does it take to get bonded?
In many cases, we can issue a bond the same day or within 24–48 hours. Larger or more complex bonds may take longer for underwriting.
Do I need good credit to get a bond?
Credit is one of the factors considered, but don’t worry, there are bonding options available even if your credit isn’t perfect.
Can you help with ongoing bond requirements?
Yes. We’ll help you manage renewals, rate changes, and compliance with ongoing bond requirements year after year.
Why Work With Us?
- Fast turnaround on most common bonds
- An experienced, knowledgeable team that explains everything clearly
- Access to a wide range of nationally rated surety partners
- Support for both one-time and ongoing bond needs
Ready to Get Bonded?
Whether you’re getting bonded for the first time or renewing a long-standing requirement, we’ll make the process easy and efficient.
