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Bonds

Ellerhorst Russell Insurance agency will work with you closely to understand your needs and make sure you’re properly protected.

We know the ins and outs of insurance.

Many businesses need bonds to complete their insurance package. We offer several bond options to meet the needs of a wide variety of professions.

Your local independent agent will work with you to discuss your needs and find the type of bond that is right for you!

Security Bonds

A surety bond is a contract between three parties—the principal (you), the surety (us) and the obligee (the entity requiring the bond)—in which the surety financially guarantees to an obligee that the principal will act in accordance with the terms established by the bond.

  • Contract Bonds - This ensures that the contractor will pay their bills and complete the work agreed upon.

  • License and Permit Bonds - This guarantees that the company or contractor will complete the work and follow all legal guidelines. 

  • Court and Fiduciary Bonds - This ensures that an individual will follow regulations set by the court.

  • Public Official Bonds - This covers a public official ensuring that they will serve their office properly.

  • Miscellaneous Bonds - This covers a few areas such as travel agency bonds and lost instrument bonds.

Fidelity Bonds

A form of protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals. It usually insures a business for losses caused by the dishonest acts of its employees. Some of the fidelity bonds:

  • Employee Dishonesty Bonds - This can protect your company from theft from an employee. 

  • ERISA Bonds - The Employee Retirement Income Security Act of 1974 requires trustees and pension plans to have fidelity bond coverage for the plan’s assets. 

How Do I Get A Quote?

Ellerhorst Russell Insurance agency will work with you closely to understand your needs and make sure you’re properly protected.

Call us today

Toll Free 888-803-8533
Phone: 330-527-4321
Fax: 330-527-5014
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