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      • Business Insurance Quote
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      • Business Owners Package (BOP) Insurance Quote
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      • Professional Liability Insurance Quote
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    • Health Insurance >
      • Individual Health Insurance Quote
      • Group Health Insurance Quote
    • Life Insurance >
      • Life Insurance Quote
    • Other Quotes >
      • Pet Insurance Quote
      • Boat Insurance Quote
      • Special Event Insurance Quote
      • Umbrella Insurance Quote
      • Travel Insurance Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Policy Review
    • Contact My Carrier
    • Online Documents
    • Free Consultation
    • Notary Service
  • Insurance
    • Property >
      • Home Insurance
      • Condo Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Classic Car Insurance
      • Horse Trailer Insurance
      • Motorcycle Insurance
      • RV Insurance
    • Equine >
      • Equine Business Insurance
      • Equine Medical/Mortality Insurance
      • Farm Insurance
      • Horse Show Events & Associations Insurance
    • Business >
      • Business Insurance
      • Business Auto Insurance
      • Business Owners Package (BOP) Insurance
      • Insurance Bonds
      • Professional Liabilty Insurance
      • Workers Compensation
    • Health >
      • Health Insurance
      • Group Health Insurance
    • Life >
      • Life Insurance
    • Other >
      • Pet Insurance
      • Boat Insurance
      • Special Event Insurance
      • Travel Insurance
      • Umbrella Insurance
  • About
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    • Refer a Friend
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Insurance Bonds

If you need an insurance bond to bid on or get hired for a new job call us. We're insurance bond experts and we'll get it taken care of you... Fast!

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What is an Insurance Bond?

An insurance bond ensures contract completion in the event of contractor default and are typically required by project owners when seeking a contractor to fulfill a contract. 

The contractor obtains a bond so the insurance company is obligated to compensate the project owner for the financial loss incurred if the work is not completed. ​

Typical Insurance Bond Types

Although there are many types of insurance bonds, the four most common types needed by business owners are:
  • Bid Bond - Ensures the bidder on a contract will enter into the contract and furnish the required payment and performance bonds if awarded the contract.
  • Payment Bond - Ensures suppliers and subcontractors are paid for work performed under the contract.
  • Performance Bond - Ensures the contract will be completed in accordance with the terms and conditions of the contract.
  • Ancillary Bond - Ensures requirements integral to the contract, but not directly performance related, are performed.


Contact us to learn more about the right insurance bond for you.
(810) 797-8000
3520 Hadley Rd
PO Box 273
Hadley, MI 48440​
Click Here to Email Us
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Select Insurance Services LLC
3520 Hadley Rd
PO Box 273
Hadley, MI 48440
(810) 797-8000
​Click Here to Email Us
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