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MSA Group Bonds
About Bonds
Bonds are a guarantee. That is - the Surety Company (MSA Group)
guaranties that the Principal (the person who is performing the task)
will do what they say they will do for the Obligee (the person or
company the Principal is doing the task for).
The Surety Company will issue the bond which will cover losses up to a
certain amount. This amount is called the "penalty."
The three basic categories of bonds are contract, noncontract and fidelity.
- Contract bonds are required by the owner (obligee) to guaranty that the contractor will perform all of the items outlined in his contract.
- Noncontract bonds are usually required by federal, state and local governments through statutes. Courts may also require these types of bonds.
- Fidelity bonds protect the owner from employees stealing from the company.
MSA Group Bonds
Main Street America Group writes all lines of bonds including:
Contract Surety
- Bid
- Performance & Payment
- Supply
- Miscellaneous
Non-contracts/Miscellaneous Surety
- Public Official
- Court & Fiduciary
- License & Permit
- U.S. Government
Fidelity Bonds
- Blanket
- Name or Position Schedule
- ERISA
- Third Party Fidelity
- Supporting Crime Coverage
MSA Group ranks in the top 15 surety companies in the Northeast and has
attained a top 50 ranking among surety companies nationally.
We've been providing bonds since 1961, are licensed to write in 21
states and have assets over $900 million.
If you are interested in obtaining a bond for your business, or need
more information about bonds, contact your
local independent agent and
ask about MSA Group's Bond Program.
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