- Trusted Independent Agency Since 2011
Commercial Bonds
Bonds - Indiana
Get a bond with Lafayette Insurance
At some point in time you may be asked to provide a bond to conduct business.Â
âWhy do I need a bond?
As a contractor, a bond guarantees my work or fulfills a license requirement.
âAs a business owner, to guarantee payment of sales tax or business related bills.
âGive us a call for your bond needs!
Call: 765-474-2300
Surety Bonds in Lafayette, Indiana
Many licenses, permits, contracts and court proceedings require a surety bond before you can move forward. Lafayette Insurance helps businesses and individuals in Lafayette, West Lafayette and across Tippecanoe County get the bonds they need with as little hassle as possible.
How a surety bond works
A bond is a promise among three parties: you (the principal), the party requiring the bond (the obligee, such as a city, the state or a project owner), and the surety company that backs the promise. If you don’t meet your obligations, the surety pays a valid claim and then looks to you for repayment. Unlike insurance, a bond protects the obligee, not you, which is why the surety may review your credit or financials before issuing it.
Common bonds we help with
- License and permit bonds: required by cities, counties and the state for contractors, dealers and other licensed businesses.
- Contract bonds: bid, performance and payment bonds for construction and public projects.
- Court and probate bonds: for executors, administrators, guardians and conservators.
- Notary bonds: required for Indiana notaries public.
- Title bonds: to get a title for a vehicle when the original title is missing.
- Fidelity bonds: protect your business or clients from employee theft.
What it costs
Bond premiums are usually a small percentage of the bond amount. Many small license, permit and notary bonds have a low flat premium, while larger contract bonds are priced on the strength of your credit and business financials. Tell us which bond you need and the required amount, and we’ll take it from there.
Bonds plus business insurance
If a bond is part of getting licensed or winning a contract, you’ll likely need insurance too. We can handle your bond along with your contractor’s package, general liability and workers compensation so everything is in one place.
Call 765-474-2300 with the bond type and amount you need.
Our process
Compare Quotes from Lafayette Insurance
01. Provide Details
Tell us a little bit about what you are wanting to insure.
02. Discuss Coverages
We educate you on insurance coverages relevant to you.
03. Compare Quotes
We shop multiple companies to find the best rates and protection.
04. Pick Your Policy
Choose the insurance plan that works best for your individual needs.
Lafayette Insurance Reviews
What our Clients Say
Joe and his staff are top notch. I never worry if I have an issue involving insurance. They are there to help make the experience worry free and professional. Itâs worth your time to give Lafayette Insurance a call.
Tremendous support from Joe Couch. He was readily-accessible, diligent, and a tremendous help through the process of switching policies. Would recommend to everyone.
Joe Sr. and Jr. are both professional and do the very best they can to get you the best deal possible. They have reached out to me to let me know of opportunities to decrease my rates before my terms were up so I could plan accordingly. They always answer when I text or call with a problem. Can't say enough good things about this company or the people running it!
Very professional and responsive. After calling several agencies in the area, our quote was 15% lower than anywhere else!
Joe Jr. looks out for you. Initially he had me with one insurance agency. 1 year in and upon finding a new deal, he contacted me, helped me save some money, and found a more reliant insurance company for my family's vehicles. He is personable and offers good advice without trying to overexert influence. I have not had to deal with a wreck yet and working through a claim, but I will update this post if it happens.
They are very nice and will find the best deal for you. They also follow up with you in the future to better you in better insurance for less.
The Couch team is great, I wound up switching to them from another company. I saved money, got better BOP coverage, better Work Comp coverage, and fadter service. I highly recommend them to any Business in the Lafayette area.