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Bonding Insurance – Misc - Bond Surety

BONDING INSURANCE

A specific type of surety bond is often required by an individual or company to satisfy and legally guarantee their respective obligations, be it contractual, judicial, legislative, or fiduciary.

Commercial surety bonds represent a wide spectrum of products and range in the thousands of different types. Commercial surety bonds normally respond to an act/law and can be part of a licensing requirement.
These products can include anything from the legal requirement to obtain a specified licence, administer the will of a deceased party(ies), adhere to government and provincial statutes, provide legal protection to a third-party consumer, or provide financial guarantees to a financial institution.

Commercial Surety is comprised of the following major classes of bonds:

  • Customs and Excise (BMC-84 Property Broker Bond, Release of Goods, Carnet, Canadian and US Bonded Highway Carrier Operations, Spirits Licence)
  • License and Permit (Consumer Protection, Auto Dealer’s, Employment Agency, Collection Agency, Foreign Recruiter)
  • Fiduciary (Estate Trustee, Foreign Executor, Administration, Probate)
  • Fidelity Bond (Employee Theft)
  • Lost Document (Fixed-penalty, Bank Draft, Certificate, Certified Cheque)
  • Various other special commercial bonds

Surety bonds act as a financial guarantee, protecting the Principal(bond holder), consumer or business against fraud, misrepresentation and compensation of monetary loss and are required by the Courts, Federal, Provincial and Municipal bodies, financial institutions and private Corporations.

There are many commercial surety bonds that fall under this category. The bonds that would normally fall under this category are those bonds that are not part of a law/act or licensing requirements. The most common bonds are:


A.T.A Carnet Bond Guardian Bond
Administration Bond Health Studio Bond
Administrator De Bonis Highway Traffic Act Bond
Administrator Pendente Lite Lease Agreement Bond
Administrator With Will Annexed Bond Livestock Dealers & Products Bond
Agricultural Products Bond Load Broker Bond
Air Charter Bond Lost Instrument Bonds
Appeal Bond Lottery Bond
Appeal Customs Bond Market Intermediaries In Damage Insurance Bond
Auctioneer Bond Milk Board Bond
Automobile Vehicle Registration Bond Missing Heir Bond
Bailiffs Bond Mortgage Brokers Bond
Bonded Air Carrier Nonresident G.S.T. Bond
Bonded Freight Forwarder Notary Bond
Bonded Highway Carrier Payment Guarantee Bond
Carnet Bond Plumber's Bond
Charitable Promotion Bond Pre-Arrangement Funeral Service Act Bond
Collection Agency Bond Private Investigator & Security
Committee Bond Private Vocational School Bond
Consumer Protection Act Bond Probate Bonds
Court Bonds Real Estate Broker Bonds
Customs Bonded Warehouse Release Of Goods Bond
Customs Brokers Licence Bond Replevin Bond
Customs Sufferance Warehouse Bond Road Cut Permit Bond
Denatured Alcohol Bond Roofing Contractors Bond
Direct Sellers Bond Sand Pit Bond
Driver Training School Bond Securities Act Surety Bond
Duty-Free Shop Bond Sewertappers Bond
Electricity Bill Payment Bond Single Trip Customs Bonds
Employment Agency Bond Solid Waste Management Bond
Excise Tax Act Bonds Sub-Division Bond
Foreign Executor Bond Temporary Importation Of Articles Bond
Farm Machinery Bond Tobacco Sales Tax Bond
Fuel Tax Bond Transponder Bond
Guardian Bond Travel Agents Bond
Gas Contractor's Bond Trustee In Bankruptcy Bond
General Excise Carrier Bond Used Car Dealer Bond
Goods & Services Tax Bond Waiver Of Probate Bond
Grain Bond

 

Commercial Surety Bonds have proven to be a cost effective method of ensuring compliance with a variety of important laws and regulations. They are essential to an individual or company’s commercial activity.

At Ai Surety Bonding, our commercial specialists have the knowledge and expertise to facilitate all of your commercial surety needs. Utilizing our network of Surety Market partners, we can write and issue any commercial bond(s) quickly and easily and have it delivered to the client next-day.

Our process has been streamlined to make the application and issuance seamless and effortless. We offer immediate Commercial bond issuance and purchase at the time of the call.

Applying For a Commercial Bond? Have Questions or interested in more info?

Contact our surety experts at 1-877-213-4545 or surety@bondsurety.ca

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Not sure what type of bond you require? Email us.

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Email: surety@bondsurety.ca   Phone: 1-877-213-4545 or 416-484-4545   Fax: 416-900-0322   24-Hour Claims Service: 1-888-235-2447

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