BONDS

At Thams Agency, our bond experts will make sure you are taken care of. In just a few minutes your bond can be approved, simply pay online and print your bond.

WHAT EXACTLY IS A BOND?

A bond in layman’s terms is a way to secure a debt.

 

It is a way of you the consumer, being able to put up a little cost upfront that says “I am letting you borrow this money so as to your agreement to pay the face value of said bond if ever needed”. In the real world, bonds can be issued by a government, municipality, corporation, federal agency, and other entities.

Types of Bonds

Surety Bond

A surety bond is a contract between three parties. The person who is the recipient of an obligation, the primary party who will perform the contractual obligation and the person who assures the obligation will be done.

Lost Title Bond

A surety bond is a contract between three parties. The person who is the recipient of an obligation, the primary party who will perform the contractual obligation and the person who assures the obligation will be done.

License and Permit Bonds

These types of bonds function as a guarantee to a government entity that a company will comply with a statute, state law, ordinance, etc.

Some examples are but are not limited to:

  • Contractors License Bonds
  • Tax Bond
  • Environmental Bonds
  • Broker’s Bonds
  • Motor Vehicle Dealer Bonds
  • ERISA Bonds

Contract Surety Bond

Contractor bonds are one of the most “popular” bonds you will see asked for in the insurance space. Contract bonds are used in the construction industry by general contractors. They are a guarantee to a project’s owner that the general contractor will adhere to the contract put in place.

How To Purchase Bonds:

Our job as an independent insurance provider is to help you navigate a cumbersome system in finding the best fit for your bond requirements. Just take 5 minutes to fill out our bond approval form.

 

  • Step 1: Search for your bond.
  • Step 2: Select the state or project you need the bond for.
  • Step 3: Fill out your business information.
  • Step 4: Your bond is approved, simply pay online and print your bond.
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