Surety Made Easy
Get a top-tier surety bond program tailored to your needs. Our surety underwriters’ dedication, knowledge and insight, combined with Our Surety Partners’ Strength and capacity, support the success of your business.
Covella Insurance Partners Surety consistently ranks
Our Large Contract program provides individualized attention for contractors with work-on-hand of up to $150 million or more. Eligible contractors can also get on the Fast-Track with our streamlined, quick turnaround application processes.
EMPOWERING YOUR GROWTH WITH EXPANDED FAST-TRACK & FAST-TRACK PRO LIMITS
We have increased our Fast-Track Program limits to $750,000 single and $750,000 aggregate based on credit only! Also, our Fast-Track Pro limits have increased to $1,000,000 single and $1,500,000 aggregate.
Regardless of the size or range of your operation, we can help you make that winning bid. We serve a variety of contractors:
- General
- Road and utility
- Electrical
- Mechanical
- Drywall
- Other subcontractor trades
Contract Bonds
Bid
A bid bond ensures that a contractor will provide the required performance and payment bonds if awarded the project.
Payment
A payment bond assures that the contractor will pay specified subcontractors, laborers and materials suppliers associated with the project.
Maintenance
Owners generally require maintenance bonds to provide assurance against defective quality or materials.
Performance
A performance bond protects the project owner if a contractor fails to satisfy the terms and conditions of the contract, including time and price.
Commercial Surety Bonds
Covella Insurance Partners Surety offers more than 5,000 bond forms to address your surety needs across all 50 states and the District of Columbia. Commercial surety bonds generally have four sub-types.
License or Permit
Some governments require businesses or individuals to post a license or permit bond. The bond guarantees the business or individual will pay fees or taxes or comply with codes and regulations governing its trade or activity. These bonds cover contractors, motor vehicle dealers, mortgage brokers and others.
Court or Probate
Court bonds stem from litigation. Parties seeking remedies or defending against legal actions may need to post these bonds. Probate bonds guarantee that people who are responsible for managing someone else's property will faithfully perform their specified duties. These bonds cover positions such as guardian, administrator or trustee
Public Official
Public officials need bonds to ensure they do their job honestly and faithfully. Those covered include notaries, treasurers, tax collectors, clerks, mayors and judges.
Miscellaneous
Bonds may also support private relationships and unique business needs. Examples include bonds for lost securities and various forms of financial guarantees.
Find Your Coverage
We’re here to help you explore your coverage options.