From bid and performance bonds to license, permit, and court bonds, our surety team helps you qualify, apply, and get bonded quickly.
What is a surety bond?
A surety bond is a three-party agreement between the principal (you), the obligee (your client or governing entity), and the surety (the insurer). The bond guarantees that you’ll fulfill your obligations—whether that’s completing a project, following regulations, or honoring financial commitments.
If an obligation isn’t met, the surety helps cover the resulting financial loss, ensuring that the obligee is protected.
How do surety bonds work?
Suppose a government agency hires a contractor to build a bridge. The agency needs assurance that the work will be finished as agreed. The answer is a surety bond. The contractor pays a premium to an insurer to purchase the surety bond. The insurer then pays the necessary compensation to the agency if the contractor fails to deliver. The big difference between this and ordinary insurance is that the insurer can and will go after the contractor to get this money back. The point of the surety bond is that the agency gets the assurance that it won’t have to chase after the money itself.
What industries do we serve?
Our surety experts have experience supporting clients in:
- Construction and contracting
- Real estate development
- Manufacturing and distribution
- Transportation and logistics
- Professional services and trade professions
What types of surety bonds do we offer?
Riemer Insurance Group, Inc. provides a full range of surety solutions for businesses across industries:
Contract Bonds
Ensure project performance and payment compliance for contractors and developers.
- Bid Bonds – Guarantee that your bid is submitted in good faith.
- Performance Bonds – Assure completion of work according to contract terms.
- Payment Bonds – Protect subcontractors and suppliers from nonpayment.
- Maintenance Bonds – Cover workmanship or material defects after completion.
Commercial Bonds
Meet licensing, permitting, and regulatory requirements for your profession.
- License and Permit Bonds – Required for many businesses such as auto dealers, contractors, and mortgage brokers.
- Fidelity Bonds – Protect against employee dishonesty or theft.
- Public Official Bonds – Guarantee faithful performance by government officials.
- Court Bonds – Required for legal proceedings or fiduciary responsibilities.
Why work with Riemer Insurance Group, Inc.
- Dedicated Surety Specialists – we help you navigate bond requirements and streamline approvals.
- Strong Carrier Relationships – access to top-rated national surety markets so you can compete for the terms you need.
- Fast Turnaround – efficient processing for both standard and specialized bonds.
- Trusted Guidance – a family-owned agency placing bonds for businesses nationwide since 1978.
Whether you’re bidding on your next project or securing a required license, Riemer Insurance Group, Inc. makes the bonding process seamless. Contact us today for more information.
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