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Wisconsin Bonds

On occasion individuals or Wisconsin businesses have a need for a bond in addition to their insurance coverage.  This can range from a simple Wisconsin notary public bond all the way to a contractors performance bond.   Wisconsin Bonds are not insurance but instead a guarantee by the bond company on your behalf.

The most common types of Bonds are performance, bid, indemnity, payment and license.   The cost of a bond varies greatly based on the type and amount of bond needed.

Many bonds will require an application completed and submitted for approval.  Because a bond company is providing a guarantee, be prepared to provide financial information or in some cases a tax return or audited financial statement may be required. 

The trusted professionals at Community Insurance & Associates can help you when the need for a bond arises.  Representing quality bond companies such as CNA Surety, Pekin Insurance Company,  National Specialty a division of West Bend Mutual and The IMT Group.

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