Call Us 866-950-6844 (MVIG) ☰ ˟
Meet the Team Manage My Policy
Logo
866-950-6844 (MVIG)
  • Home
  • Products
    • AnnuitiesImage of right arrow
      • Annuity Quote Form
    • AutomobileImage of right arrow
      • Auto GAP Insurance Quote
      • Auto Insurance Quote
      • Mexico Travel Insurance Quote
    • BondsImage of right arrow
      • Bond Request Form
    • Business & CommercialImage of right arrow
      • Builders Risk
      • Business Owners (BOP) Quote Form
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Liquor Liability Quote Form
      • Workers Compensation Quote
    • DentalImage of right arrow
      • Dental Insurance Quote
    • FloodImage of right arrow
      • Flood Quote Form
    • HealthImage of right arrow
      • Disability Insurance Quote
      • Health Insurance Quote
      • Long Term Care Insurance Quote
    • HomeownersImage of right arrow
      • Homeowner Flood Quote Form
      • Homeowners Insurance Quote
      • Manufactured Home Quote
    • LifeImage of right arrow
      • Life Insurance Quote
      • Term Life Insurance Quote
    • MotorcycleImage of right arrow
      • Motorcycle Insurance Quote
    • Recreational VehicleImage of right arrow
      • Recreational Vehicle Insurance Quote
    • RentersImage of right arrow
      • Renters Insurance Quote
    • Toy VehiclesImage of right arrow
      • Toy Vehicle Insurance Quote
    • VisionImage of right arrow
      • Vision Insurance Quote
    • Watercraft & BoatImage of right arrow
      • Watercraft Insurance Quote
    • WindstormImage of right arrow
      • Wind Quote Form
  • Customer Service
    • Auto Insurance Customer Service FormsImage of right arrow
      • Add Driver to Existing Auto Policy
      • Add Vehicle to Existing Auto Policy
      • Remove Driver from Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
      • Request Declaration and Coverages Page for Auto Policy
      • Request ID Card for Auto Policy
      • Send Declaration and Coverages Information to Lien Holder
    • Business & Commercial Insurance Customer Service FormsImage of right arrow
      • Add Driver to Existing Commercial Auto Policy
      • Add Vehicle to Existing Commercial Auto Policy
      • Remove Driver from Existing Commercial Auto Policy
      • Remove Vehicle from Existing Commercial Auto Policy
      • Request Declaration and Coverages Page for Commercial Auto Policy
      • Request General Liability Certificate of Insurance
      • Request ID Card for Commercial Auto Policy
    • Dental Insurance Customer Service FormsImage of right arrow
      • Request Declaration and Coverages Page for Existing Dental Insurance Coverage
    • Flood Insurance Customer Service FormsImage of right arrow
      • Request Declaration and Coverages Page for Existing Flood Insurance Coverage
    • Homeowners Insurance Customer Service FormsImage of right arrow
      • Request Declaration and Coverages for Existing Homeowners Insurance Coverage
      • Request Evidence of Insurance
    • Motorcycle Insurance Customer Service FormsImage of right arrow
      • Add Driver to Existing Motorcycle Policy
      • Add Motorcycle to Existing Policy
      • Remove Driver from Existing Motorcycle Policy
      • Remove Motorcycle from Existing Policy
      • Request Declaration and Coverages Page for Motorcycle Policy
      • Request ID Card for Motorcycle Policy
    • Recreational Vehicle Insurance Customer Service FormsImage of right arrow
      • Add Driver to Existing Recreational Vehicle Policy
      • Add Recreational Vehicle to Existing Policy
      • Remove Driver from Existing Recreational Vehicle Policy
      • Remove Recreational Vehicle from Existing Policy
      • Request Declaration and Coverages Page for Recreational Vehicle Policy
      • Request ID Card for Recreational Vehicle Policy
    • Renters Insurance Customer Service FormsImage of right arrow
      • Request Declaration and Coverages Page for Existing Renters Insurance Coverage
    • Watercraft & Boat Insurance Customer Service FormsImage of right arrow
      • Add Watercraft to Existing Policy
      • Change Primary Operator on Existing Watercraft Policy
      • Remove Watercraft from Existing Policy
      • Request Declaration and Coverages Page for Watercraft Policy
      • Request ID Card for Watercraft Policy
    • Windstorm Insurance Customer Service FormsImage of right arrow
      • Request Declaration and Coverages Page for Existing Wind Insurance Coverage
  • Resources
    • Refer a Friend
    • Important Links
  • About Us
    • Location Map
    • Employee Directory
    • Privacy Policy
Auto Icon Home Icon Business Icon Life Icon Health Icon Boat Icon
Home > Bonds | Miami Florida

Bonds


Bonds Quote Forms

Looking for coverage? Click any of the following links to submit a quote for quick, accurate and affordable rates.

Bond Request

Bonds Information

Surety Bonds and Fidelity Bonds in Miami Florida

Bonds can provide essential coverage for your business and help you attract clients. Specific bonds may also be required to obtain certain licenses or permits.

Surety bonds and fidelity bonds are two common types of bonds that businesses consider. Surety bonds provide guarantees that you will fulfill your contracts and/or meet applicable regulations. Fidelity bonds can provide financial protection against employees’ dishonest acts.

The professionals at Max Value Insurance Group in Miami, Florida, can help your operations secure the bonds that fit your needs. Contact us today for more information.


What Is a Surety Bond?

A surety bond is a contract among three parties: the principal, the obligee and the surety. The principal is the business that purchases the surety bond; the obligee is the governmental or private party that requires the principal to obtain the bond; and the surety (e.g., an insurance company) is the entity that underwrites the bond.

If a business (i.e., the principal) fails to meet its obligations, a client (i.e., the obligee) may file a claim against the bond. The surety will then investigate the claim, and if the business does not rectify the issue, the surety may provide payment to the client up to the bond’s amount. The surety would then seek reimbursement for that expense from the business.


Types of Surety Bonds

Commercial bonds and contract bonds are two common types of surety bonds.

Commercial Bonds

A commercial bond provides assurances that businesses will comply with specific requirements. For example, license and permit bonds, a commercial bond, guarantee that your company will comply with applicable laws and regulations. A governmental entity may require them before issuing a license or permit.

Contract Bonds

Contract bonds provide guarantees that a contract’s terms will be fulfilled. They are often used in the construction industry. The following are types of contract bonds:

·        Bid bonds guarantee businesses will start a job if they win a contract.

·        Payment bonds guarantee businesses will pay subcontractors and suppliers for labor and materials.

·        Performance bonds guarantee businesses will finish a project in accordance with the contract.

·        Maintenance bonds guarantee defects in materials or workmanship will be remedied or the owner will be compensated if the problems arise within a set time frame (e.g., one year) after a project is finished.

Other types of contact bonds may be available. Contact your agent for details.


Fidelity Bonds

Fidelity bonds may also be known as employee dishonesty bonds. They are a type of business insurance that may provide financial protection for your business and clients against employees’ dishonest acts (e.g., theft, fraud, forgery and embezzlement). Coverage for the dishonest acts of volunteers may also be available.


Secure the Bonds You Need

The Max Value Insurance Group has been in business for over 20 years and can help you get the bonds your business needs. Contact us today to get started.

 

Facebook
Twitter
Instagram
Google+
Contact Us Today
Speak to an Agent
Resources
Products
Customer Service
Payment Options
Report a Claim
Refer A Friend
Our Carriers
Blog
Contact Us
Contact us
1000 SW 86 Ct
Miami, FL 331440
info@maxvalueins.com
Mailing Address
P.O. Box 442726
Miami, FL 33144
© Copyright. All rights reserved. Powered by Insurance Website Builder.