Surety Bonds
Gain financial security and facilitate trust and confidence in business transactions.
Security for Your Contractual Obligations
Imagine you're a contractor bidding on a big construction project or a business owner handling sensitive financial transactions.
You want your clients or partners to trust you, and they want assurance that you'll deliver on your promises. This is where surety bonds step in as your trusted ally.
At Manna Insurance, we specialize in surety bonds and understand the unique needs of businesses and contractors involved in contractual agreements.
Whether you're bidding for a major project, starting a new venture, or ensuring compliance with legal and industry standards, surety bonds not only protect your interests but also help you stand out as a reliable and responsible business professional.
So what coverage do I need?
Your Safety Net for Business
Bid Bonds
When you're bidding for a contract, a bid bond assures the project owner that you have the financial capability to undertake the job if your bid is accepted.
Performance Bonds
These bonds guarantee that you'll complete a project as per the terms of your contract. They provide financial protection to your client if you fail to deliver.
Payment Bonds
Payment bonds ensure that you'll pay subcontractors, laborers, and suppliers for the work they've done or materials they've provided on your project.
License & Permit Bonds
Many businesses need specific licenses or permits to operate legally. License and permit bonds demonstrate your compliance with government regulations.
Fidelity Bonds
Fidelity bonds protect your business from employee theft or dishonesty. They're often used in industries where employees have access to valuable assets.
Customs Bonds
If you're involved in importing or exporting goods, customs bonds ensure compliance with customs regulations and payment of duties and taxes.
Notary Bonds
Notaries need bonds to protect the public from any errors or misconduct in their notarized documents.
Customizations
Each business is unique, and so are its bonding needs. We will work with you to customize your surety bonds to match your specific requirements.
Ways to Save on Surety Bonds
Surety companies assess the financial stability of applicants. Ensure your business maintains a healthy financial position, including a strong credit rating and sufficient working capital, to secure more favorable bond terms and rates.
Strong Financial Position
Build a history of successfully completed projects and fulfill bond obligations promptly. A positive track record with surety companies can lead to lower bond premiums and more favorable terms.
Positive Track Record
Carefully assess your project needs and choose the appropriate bond amount, avoiding over-bonding, which can lead to higher premiums. Select a bond amount that aligns with the project's requirements and your financial capacity.
Choose the Right Amount
More Coverage Options
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Homeowners & Renters Insurance
Make sure you have the right coverage to protect your house and belongings.
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Umbrella Insurance
An extra layer of financial protection that extends beyond the limits of your primary insurance policies.
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Life Insurance
Family is so important. Make sure they’re taken care of for life.
Kind Words from Our Customers:
Welcome to the Family
As a Manna Insurance customer, you are not just a number to us. We see you as part of our family and all that goes with being part of the #MannaFam.