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Fidelity/Surety Bonds

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Commercial Insurance Office
1111 S. Bowman, Ste B-4
Little Rock, AR 72211
(501) 224-6666
(888) 214-3149
FAX (501) 224-0477

We also provide:
Credit Insurance
Title Insurance
Rain Insurance
Farm Insurance
Crop Hail Insurance
Farm Floaters

Little Rock Office
1111 S. Bowman, Ste B-4
Little Rock, AR 72211
(501) 224-6666
(888) 214-3149
FAX (501) 224-0477

Conway Office
269 Hwy 65 North
Conway, AR 72032
(501) 327-4666
(888) 563-5656
FAX (501) 327-4684

Rogers Office
2894 W. Walnut Ave. Ste A
(479) 633-0505
(877) 633_0505
FAX (479) 633-9595

Sherwood Office
8210 Hwy 107 (JFK)
Sherwood, AR 72120
(501) 392-0300
(866) 861-8368
FAX (501) 392-0302

Fidelity Bonds are written to protect you from the dishonest acts of your employees. There are three parties to a fidelity bond: Principal, Obligee and Surety.

The employee (or, possibly a company) would be the principal. This is the person or entity whose acts are covered.

You are the obligee because it is to you the employee (or company) is obliged to perform honestly. You are also the one who pays the premium.

The surety is the insurance company who agrees to pay you if the employee or company is dishonest or fails to perform their obligation.

Four types of fidelity bonds are available. Our professional staff will help you determine which is best for you. Named Schedule Bonds cover a list of employee names with an amount of coverage designated for each employee. The amounts do not have to be the same for all employees.

Position Schedule Bonds list employee positions rather than names with an amount scheduled for each position. Commercial Blanket Bonds cover all losses for your company up to the limits stated on the policy. A Blanket Position Bond is similar to the Commercial Blanket Bond except the limits are set by employee rather than incident of loss.

Surety Bonds

Surety Bonds are not really insurance even though they are issued by insurance companies. Their purpose is to guarantee that something will happen, and that something covers a lot of territory.

The parties involved are the same as in Fidelity Bonds: principal, obligee and surety. You are the covered principal promising the obligee that you will perform some act or duty. If you fail to do so the surety makes payment to the obligee -- and then collects damages from you. You must sign an indemnity agreement when purchasing a surety bond stating that you will do so.

Bid Bonds are submitted by companies bidding on a work project. It guarantees that you will take the bid if chosen and will provide a performance bond for the project.

Performance Bonds guarantee that you will complete a project as agreed.

Payment Bonds apply to labor and materials involved in a project and guarantee that the finished project will not have any liens on labor and material used.

Supply Bonds guarantee that materials will be available when needed.

Fiduciary Bonds are written for people appointed by courts to manage the property of others, such as administrators, guardians and trustees.

Litigation Bonds are required for court actions and include Bail Bonds, Appeal Bonds, Injunction Bonds, Attachment Bonds and Court Cost Bonds.

State Tax Bonds guarantee timely payment of state sales taxes.

Public Official Bonds guarantees that public officials will handle money honestly and perform their duties faithfully.

Lost Instrument Bonds are purchased when replacement securites are issued, and protects the obligee in case the originals are later found.

License Bonds are required many times before someone can obtain a license or permit to engage in a particular activity.

In Arkansas, all Notaries Public must furnish a bond to the Secretary of State.

How May We Help You?

If you need more information about Fidelity or Surety Bonds, please contact one of our offices.