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  • Service
    • Report a Claim
    • Make a Payment
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Free Consultation
    • GloveBox App
  • Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat & Marine Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • RV Insurance
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Life/Financial >
      • Life Insurance
      • Final Expense Insurance
      • Umbrella Insurance
    • Health >
      • Medicare Supplement Coverage
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Group Benefits
      • Insurance Bonds
      • Workers Compensation
  • About
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Insurance Bonds

If you need an insurance bond to bid on or get hired for a new job call us. We're insurance bond experts and we'll get it taken care of you... Fast!

Get An Instant Quote

What is an Insurance Bond?

A surety bond, or an insurance bond, ensures contract completion in the event of contractor default and are typically required by project owners when seeking a contractor to fulfill a contract.
​
The contractor obtains a bond so the insurance company is obligated to compensate the project owner for the financial loss incurred if the work is not completed. ​

Typical Types of Insurance Bonds

Although there are many types of insurance bonds, the four most common types needed by business owners are:
  • 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.
  • Ancillary Bond - Ensures requirements integral to the contract, but not directly performance related, are performed.


Contact us to learn more about the right surety bond for you. We've been selling insurance in Chicago, IL and Merrillville, IN for the last 19 years.
(219) 980-2886​
5544 Broadway
Merrillville, IN 46410​
Click Here to Email Us
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Licensed in Indiana and Illinois


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Billy Davis Insurance Group
5544 Broadway
Merrillville, IN 46410​
(219) 980-2886​​
​Click Here to Email Us
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