Surety Bonds
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TN Notary Bonds
Bid Bond Application (Performance Plus)
Bid Bond Application (Performance Plus)
Guarantee that the Notary Public will faithfully perform the duties as prescribed by the laws in their jurisdiction. Similar to other Public Official bonds, they protect the public from the Notary not performing their duties faithfully. Errors and Omissions (E&O) coverage is also available.
Bid Bond Application (Performance Plus)
Bid Bond Application (Performance Plus)
Bid Bond Application (Performance Plus)
A guarantee from a surety company to the project owner that a contractor is able to fulfill the obligations of the contract and provide contract bonds before work begins.
Fast Pass Performance & Payment Application (Performance Plus)
Fast Pass Performance & Payment Application (Performance Plus)
Fast Pass Performance & Payment Application (Performance Plus)
A performance bond is a type of contract construction bond that guarantees a contractor will complete a project according to the terms outlined in a contract by the project owner, also called the obligee.
Other Bond Types
Fast Pass Performance & Payment Application (Performance Plus)
Fast Pass Performance & Payment Application (Performance Plus)
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Surety Bond Terminologyy
Bid Bonds
Performance Bond
Contract Bond
A bond ensuring the contractor can comply with terms of the contract and has the ability to complete the job. Provides project owners with peace of mind knowing the contractor has been qualified and backed by a surety company
Contract Bond
Performance Bond
Contract Bond
A bond that guarantees the fulfillment of a contract by the contractor to the project owner.
Performance Bond
Performance Bond
Performance Bond
Guarantees the performance of the terms of a contract. These bonds frequently incorporate payment bond (labor and materials). This protects the owner from financial loss should the contractor fail to perform the contract in accordance with it’s terms and conditions.
Surety Bond
Fidelity Bond
Performance Bond
A three-party agreement in which the issuer of the bond (the surety) joins with the second party (the principal) in guaranteeing to a third party (the obligee) the fulfillment of an obligation on the part of the principal.
Payment Bond
Fidelity Bond
Fidelity Bond
Guarantees payment of the contractor’s obligation under the contract for subcontractors, laborers, and materials suppliers associated with the project. Since liens may not be placed on publics jobs, the payment bond may be the only protection for those supplying labor or material to a public job.
Fidelity Bond
Fidelity Bond
Fidelity Bond
A bond issued to protect an employer form financial or property losses due to the dishonesty of an employee
Employee Retirement Income Security Act - E.R.I.S.A
Employee Retirement Income Security Act - E.R.I.S.A
Employee Retirement Income Security Act - E.R.I.S.A
A Federal law established in 1974 to protect the retirement assets of Americans by establishing legal guidelines for the administration of private pension plans and investment practices. The law ensures fiduciaries properly handle funds.
Maintenance Bond
Employee Retirement Income Security Act - E.R.I.S.A
Employee Retirement Income Security Act - E.R.I.S.A
A bond that guarantees against effective workmanship or materials for a specified period. Typically for a one year period.
Obligee
Employee Retirement Income Security Act - E.R.I.S.A
Power of Attorney
The beneficiary on bond who could be a project owner, local municipality, State or Federal Agency & many more.
Power of Attorney
Power of Attorney
Power of Attorney
A paper form attached to the bond which allows the appointed agent/producer to sign on behalf of the surety company. Also referred to as the Attorney-in-fact.
Principal
Power of Attorney
Principal
The principal is an individual required to be bonded by the obligee.
Contact Us
Brown Insurance Agency
1505 Meadow Spring Drive, Jefferson City, Tennessee 37760, United States
Brown Insurance Agency
1505 Meadow Spring Drive, Jefferson City, Tennessee 37760, United States
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