Bonds in Parma OH & Cleveland OH

Owning a business means taking risks. At Hixson & Malinowski Insurance Agency, we offer a variety of bond and license services to ensure that your business is protected. There are many bonds from which to choose, that can be issued for an extensive range of situations and choosing the right bond to suit your needs can be a difficult task. Our agents at Hixson & Malinowski Insurance Agency will work with you to develop a business solution to help meet all of your bonding goals.

Bonds vs. Insurance: What’s the Difference?

There are two key differences between bonds and insurance.

• Parties involved in the contract. With an insurance policy, there are just two parties involved: the insured and the insurer. With a bond contract, three parties are involved: the surety, the principal and the obligee.
• Financial restoration after a loss. With insurance policies, losses are expected and rates are adjusted to cover those losses depending on several factors. When a bond is issued, losses are not expected to occur.

Assurance for You and Your Business

Bonds help you look after the interests of your growing business. An important distinction exists between a company being “bonded” and being “insured.”

In addition to providing quality surety products, we also provide various licensing and permit services to ensure that your business runs to the letter of the law.

Our business solution services include:

• Performance Bonds
• Contractor’s Bonds
• ERISA Bonds
• Fiduciary Bonds
• Sub-Division Bonds
• Court Bonds
• Conservator Bonds
• Surety Bonds
• Fidelity Bonds
• Public Officials
• Liquor Licenses

If you need a bond or license, contact an agent at Hixson & Malinowski Insurance Agency today who can help you find the surety products that keep your business covered.

We provide bonding and license services to businesses near Parma, Cleveland, Independence, North Royalton, Brooklyn, and Strongsville. Contact us to learn more about bonds today and how we can help you and your business.