Bonds

• City and County Licenses and Permits
• Contractor Bond – Metro Government of Nashville & Davidson County
• Contract Bonds (Bid, Performance & Payment)
• Dishonesty of Janitorial Service
• Home Improvement Contractor
• Liquor (Consumption on the Premises)
• Motor Vehicle Dealer
• Notary
• Pest Control Operator
• Probate or Fiduciary
• Tax Preparer’s E&O Insurance
• Miscellaneous bonds

What are bonds?
An issuer of a bond can purchase bond insurance to guarantee scheduled payments of interest and principal on the bond to its bondholders in case the issuer defaults. Once the issuer purchases bond insurance, its credit rating is replaced with the insurer’s credit rating. Premiums are a measure of the perceived risk of failure of the issuer and are paid to the insurer in either lump sums or installments.

What are the benefits of being bonded?
Being bonded gives issuers the ability to leverage business growth. With the increased stature of having the insurer’s credit rating, a business can feel safer in taking risks to improve and grow the business. This is especially true in the construction and financial industries.

A bonded business can obtain unbiased criticism from a credit professional and seek advice in underwriting projects.
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