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Probate Bonds
Probate bonds are required by law to guarantee an honest accounting and faithful performance of the duties of the fiduciary and compliance with the orders of the probate court. Examples of Probate Bonds - Administrator, Executor and Guardian
Judicial Bonds
A Judicial Bond is generally required in civil court proceedings when a litigant seeks a special right or remedy in advance of a final court decision. Examples of judicial bonds - Attachment, Injuction, Replevin & Appeal
License & Permit Bonds
License & Permit Bonds are required by the federal government or by any state, county, municipality or other political subdivision as a condition precedent to the granting of a license to engage in business or a permit to exercise a particular privilege, where such business/privilege presents a risk to the public welfare. Examples of License & Permit Bonds - Contractors License, Street Permit, Real Estate & Insurance Brokers and Compliance Obligation
Miscellaneous Bonds
Miscellaneous Surety Bonds are those obligations that do not clearly fall within the scope of the other bond classes. Some of these bonds are required by law and must be conditioned as provided by statute, ordinance, or regulation. Examples of Misc. Bonds - Lost Securities, Patient Fraud (Nursing Homes), Concessionaries, Games of Chance and All Other Financial Guarantees
Public Official
The Public Official may be elected or appointed to a full-time or part-time position. The bond covers the official’s term of office and guarantees that the bonded official will faithfully perform all official duties. Said bonds are the direct result of state statute or other type of public charter and specifically determine the exposure for a given bond. Examples of Public Official Bonds - Notary, Treasures, Tax Collectors, Sheriffs and Other Public Officials
Non-Construction Performance Bonds
These bonds secure the obligation to faithfully perform the terms and conditions of a contract. The companies who need performance bonds range from manufactures, wholesalers and distributers who may supply a product or commodity, to service companies, such as janitoral contractors, food service operations, bus companies and trash haulers, to name a few.
Specialized Expertise
With a broad base of contractors – all types and sizes – Hartford Bond underwriters have the expertise and perspective to help your client grow. As your client grows, The Hartford can meet their needs and continue to provide a stable surety relationship. Our commitment to contractors of all sizes offers you the comfort of a solid partnership that you can depend on down the road.
Performance & Payment Bonds
The performance bond protects the owner from financial loss should the contractor fail to perform the contract in accordance with its terms and conditions. The payment bond assures that the contractor will pay specified subcontractors, laborers, and material suppliers on the project.
Bid Bonds
The bid bond assures that the bid has been submitted in good faith and that the contractor will enter into the contract at the price bid and provide the required performance and payment bonds.