Surety & Fidelity Bonds

If you need a Surety Bond as required by contract for a construction project to provide a guarantee to the project owner for faithful performance and completion of the project and guarantee that you will pay your suppliers and subcontractors, please give us a call. Surety Bonds are a very special type of insurance protection that requires financial underwriting and we represent leading sureties in the insurance industry. A Fidelity Bond is a form of insurance protection that covers policyholders for losses they incur as a result of fraudulent acts by specified individuals.

What is a Surety or Fidelity Bond?

A Surety Bond provides a guarantee to the construction project owner that the contractor will faithfully perform and complete the project on time and make certain that all suppliers and subcontractors will be paid, in the event the contractor defaults or is unable to complete the construction project. The surety bond guarantees and obligates the surety to compensate the project owner for the financial loss incurred if the work is not completed or suppliers and subcontractors are not paid.

A Fidelity Bond is a form of insurance protection that covers policyholders for losses they incur as a result of fraudulent acts by specified individuals. It usually protects a business for losses caused by the dishonest acts of its employees.

We are very familiar with these unique 3 party insurance contracts.

Typical Surety & Fidelity Bond Types

Although there are many types of insurance bonds, the most common types of bonds needed by business owners are:

License or Permit Bond - The license bond guarantees that the business will operate in accordance with applicable government rules and regulations. Similarly, a permit bond is required before a government agency will issue a permit to a business.
Bid Bond - Ensures the bidder on a contract will enter into the contract and furnish the required payment and performance bonds if awarded the contract.
Payment Bond - Ensures suppliers and subcontractors are paid for work performed under the contract.
Performance Bond - Ensures the contract will be completed in accordance with the terms and conditions of the contract.
Employee Dishonesty and ERISA Bonds - Protects a business for losses caused by the dishonest acts of its employees or secures an employee benefit plan against losses caused by acts of fraud or dishonesty.

(215) 646-0550
550 Norristown Rd
PO Box 506
Spring House, PA 19477
Click Here to Email Us

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We are licensed in PA, NJ, DE, MD, NY, VA, NC, VT, DC & NE

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The Miller Financial Group
550 Norristown Rd
PO Box 506
Spring House, PA 19477
(215) 646-0550
Click Here to Email Us

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The Miller Financial Group is an independent insurance agency located in Spring House, PA. Our passion is to be advocates for individuals, households, businesses and the public sector and provide insurance and financial solutions that reduce risk and uncertainty. Managing risk and uncertainty demands an understanding of "how to" control and/or finance the possibility of direct and/or consequential "costs of financial loss" inherent in the lives of people, households, private business and the public sector. Emanating from the financial risks and uncertainty associated with human life, the ownership and use of property, negligent actions that cause harm to others, and the resulting consequential loss of income are all possible outcomes that are best managed with the purchase of a sound and affordable plan of insurance protection.

We are appreciative of your visit and inquiry to our agency’s website. It is not our intention to provide you with an immediate solution or offer of insurance but offer our visitors the opportunity to explore the potential cost & underwriting considerations for various household and small business insurance products and other financial solutions.

Upon the conclusion of your visit and inquiry about our agency, we are suggesting that you contact us and request a contact from one of our licensed insurance agents. We would be thrilled to begin a conversation with you to answer your questions and discuss the possible next steps in developing a sound plan that will protect your household or business against the risks of a potential financial loss due to a covered peril and resulting in the loss of human life, injury to workers, damage to your property, home, automobile, business, and financial harm as a result of death, disability, a long term care event or the prospects of outliving your income during your retirement years.

The Miller Financial Group does not guarantee that our agency will be successful with a favorable offer and solution. We will do our best to “listen and better understand” what is your objective and financial need, and take the best course of action that will lead you to the most cost effective and sound insurance and financial plan of protection.

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