Surety Bonds

Unlike most insurance policies that involve two parties―the insured and the insurance company―a surety bond is a written contract involving three parties, where one party guarantees another party’s performance or obligation. The surety company is the third party that provides protection if one party fails to perform an obligation to another party.

Reliable Experts in Surety Bond Protection


Berkley’s highly skilled and dedicated team of surety professionals provides a full spectrum of bonds for contractors across broad segments of the construction industry, including environmental and other commercial surety businesses.

Check out our Berkley Locator to discover which Berkley insurance business may be right for your Surety Bond needs.

Contract and Commercial Surety Bond Solutions

Contract Surety Bonds


Contract Surety Bonds are typically written for contractors and other businesses that may require a surety bond. These bonds are guarantees in the following areas:


Bid Bond—provides financial protection to a project owner, if the contractor who was awarded the contract fails to begin or complete the work


Performance Bond—provides a guarantee that a contractor will complete a project based on agreed-upon terms


Payment Bond—ensures that a contractor or other businesses will pay the bills associated with a particular contract 


Warranty Bond (also called a Maintenance Bond)—guarantees that any workmanship or material defects found in the original construction will be repaired during the warranty period


Examples of Contracting Businesses We Serve:

  • General Contractors 

  • Engineers 

  • Highway & Bridge 

  • HVAC 

  • Electrical 

  • Mechanical 

  • Concrete 

  • Utility 

  • Plumbing 

  • Roofing 

  • Excavation & Site Work

Commercial Surety Bonds


Commercial Surety Bonds cover a wide range of bonds, including those that are required of individuals or businesses by federal, state, and local governments by various statutes, regulations, ordinances, or by other entities. 


Commercial Surety bonds are generally divided into five general categories of bonds:


License and Permit Bonds—compliance bonds required by federal, state, or local governments as a condition for obtaining a license or permit for various occupations and professions 


Court Bonds (also called Judicial Bonds)—required of a plaintiff or defendant in judicial proceedings to guarantee the court’s costs 


Fiduciary Bonds (also called Probate Bonds)—required of those who administer a trust under court supervision 


Public Official Bonds—bonds that guarantee that an elected official will comply with the rules and regulations of their position, including the handling of funds 


Miscellaneous Bonds―bonds that individuals or companies need for purposes unrelated to legal issues, construction projects, or other contracted work


Examples of Commercial Businesses We Serve: 

  • Construction and Contractor Related 

  • Manufacturing 

  • Real Estate Investment Trusts 

  • Energy 

  • Home Builders 

  • Waste 

  • Healthcare 

  • Financial Services 

  • Service Base 

  • Technology 

  • Defense 

  • Oil & Gas


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What Our Customers Say

“I was very fortunate to have Preferred Employers Insurance take over my case. I was at a standstill until their team started handling my situation. The company is great at what they do and anyone else who has the pleasure of working with them will find out the same! Thanks again so very much!”

— Frank V.

Waste Water Operator, Planada Community Service District.

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— Amy G.

Client in Illinois.

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— Tawanna B.

Senior Benefits Manager, Blue Cross Blue Shield of Michigan.

“Our Berkley Environmental Claims Adjustor has been incredibly responsive to us, and has clearly taken the time to research the particulars of this claim. She has contacted and spoken with our client, and has explained to him and to us what she has been able to determine from her thorough research of the information presented so far in this claim. I am thankful that we have a competent, professional, dedicated, and pleasant-to-work-with adjuster in our corner.”

— Mary F.

Business Manager, Tech Painting Co.