A bond can be defined as a loan out to a company, institution, or government which will then use it to conduct its operations at a certain percentage of interest.
Bond Insurance is a coverage that ensures that should the company or institution fail to meet their agreement of the deal; both the issuer and the potential investor are protected regarding your principal amount and anticipated interest payment. When you want to reassure your investors that their investments are safe and that they will get their returns, bond insurance assures them that they are covered.
At BCA Insurance Group in Marlton and Northfield, NJ, we strive to make sure that you feel safe knowing that investors’ bonds purchases are looked after, and you can continue growing your business.
Benefits of Bonds
Getting bonds for your business gives you the freedom and leeway to take financial risks to advance your business regarding growth and improvement. Our bond insurance covers you and the investor to ensure that they get their returns even as your business grows.
As a business owner, you may also be required to take bond insurance for supply or payment of goods. Some of the bonds we offer are:
- Performance bonds
- Maintenance bonds
- Supply and Payment
- Miscellaneous bonds
- Bid Bonds
- Permit and license bonds
Why Do I Need Bond Insurance?
In New Jersey, many enterprises, for example, require licenses and permits to conduct business. Some businesses like contractors, mortgage brokers, and auto dealers need permits before they can start operating. At BCA Insurance Group in Marlton and Northfield, NJ, we offer surety bonds that will ensure speedy and reliable operation of your business.
For a comprehensive quote for bond insurance, we are available in New Jersey; we are also available in Pennsylvania and New York. Call or visit us for home, auto, or bond insurance quotes. Our agents are waiting by to answer your questions and help get you started.