- Personal Insurance
- Surety & Fidelity bonds
- Commercial & Brokerage Insurance
While this category of coverage is included with insurance, it is not the same as an insurance policy. An insurance contract is between 2 parties — you and the insurance company. A Surety bond is a contract between 3 parties — the obligee, the principal and the surety. The obligee and the principal entire into a primary contract and the surety ensures the principal meets the terms of that contract.
At GMM insurance, our licensed and certified team can help you manage your risk and protect yourself against damages and losses during business transactions with surety and fidelity bonds.
State and local governments often require bonds to be paid by general contractors when they accept a contract for work to be completed. You can trust our GMM insurance team to help you protect your business.
As a business owner, you may need to create a surety bond to manage how an independent contractor works on an important project. The surety bond may include a description of the work being performed, the date on which the project must be completed, as well as the amount to be paid in damages if the obligation agreed upon is not met. This legal agreement signifies a bond of accountability between two parties and can protect your business interests in the event that the outcome is not up to the standards of the contract.
Contract Surety Bonds
Commercial Surety Bonds
With this type of surety bond, we can help protect you from damages or mismanagement by a long-term employee. These types of bonds are used to enforce employee honesty and ethical standards and prevent theft and damages.
If you are a business owner in Lexington, South Carolina or surrounding areas and are interested in finding out more about how GMM Insurance can help protect your business with surety and fidelity bonds, contact us today!