Contact Us: ​(903) 856-3422
BURNS MCELHANEY AGENCY
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  • Home
  • Insurance
    • Property & Casualty >
      • Vehicles >
        • Auto Insurance
        • ATV Insurance
        • Motorcycle Insurance
        • Roadside Assistance
        • RV Insurance
      • Property >
        • Home Insurance
        • Earthquake Insurance
        • Flood Insurance
        • Landlords Insurance
        • Renters Insurance
    • Commercial >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Insurance Bonds
    • Farm & Ranch >
      • Poultry House & Farm Insurance
    • Other >
      • Boat Insurance
      • Life Insurance
      • Umbrella Insurance
  • About
    • Staff Directory
    • Insurance Carriers
    • Agency Photo Gallery
    • Accessibility Statement
    • News
  • Contact


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.
(903) 856-3422
208 Lafayette Street
Pittsburg, TX 75686​
Click Here to Email Us
Insurance Bonds Quote

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Burns McElhaney Agency
208 Lafayette Street
Pittsburg, TX 75686​
(903) 856-3422
Click Here to Email Us

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