Other Surety Bonds
InSource can assist your business with all your surety bonding needs.
Surety bonds and oil and gas bonds aren’t the only solutions we offer. We have a wide selection of bonds to cover any situation you may come across.
worth of assets protected by surety
We provide a wide variety of bonds for our commercial insurance customers, from surety bonds to contractors license bonds to fidelity bonds, contract bonds, oil and gas plugging bonds, and many things in between. Surety bonds ensure contract completion in the event of contractor default.
A surety bond is an agreement subject to a contract or permit, that usually ensures financial compensation if a contractor fails to perform services referenced therein. A surety bond is a generic name for all bonds. License and Permit Bonds are usually required by government agencies in order to obtain required permits to perform jobs or travel. These are required because the work or travel could cause injury to the public or damage to public or private property.
A surety bond has three parts, and the first is the obligee. This is the entity requiring the bond. Second is the principal. The principal is the person who will perform the contractual obligations described in the bond form. The third part is the surety company. This is the entity insuring the bond.
InSource offers this unique form of insurance for all your project needs.
To suit the needs and budgets of companies large and small, we offer numerous options from surety companies specializing in surety bonds. Because we understand the importance of these instruments, we educate you on your options and are available throughout our relationship to address any questions or concerns.
With locations in Midland, Odessa, and Lubbock, TX, and with remote employees across the state and the country, we provide your company with the service and assurance you need. Our team members are licensed to sell and service insurance products in almost every state in the U.S.
Our surety bonds are designed to protect your business and ensure all state and federal regulations are met.
Protect your business with the right insurance through InSource Insurance Group.