Bonds in New York
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- Notary Bonds: This bond is required in various states. The bond, will fulfill all obligations to protect the public from financial harm resulting from any wrongdoing on your part when performing notarial duties.
- License/Permit: Serves as a guarantee that a business will comply with laws and regulations put in place by a municipality or governing body. Businesses may be required to have a License and/or Permit Bond in order to operate in specific cities or states.
- ERISA: Is required by the IRS of any business that provides its employees with a 401(k), Profit Sharing or Pension Plan. Ten percent of the plans assets must be covered by a bond.
- Miscellaneous: Miscellaneous Surety bonds are those that do not clearly fall within the scope of all other categories.
- Public Official Bonds: Guarantees that an appointed or elected official will comply with the regulations set before them. This type of bond is typically required of someone that handles public funds.
- Business Services: This bond provides protection for your business if one of your employees steals from a home or business location of a client.
Toedt Insurance Agency LLC, serving the greater Albany, NY area, offers many types of insurance products, including auto, home, flood, and commercial insurance. While you have likely heard of many of these insurance products, we also offer products that you may not be as familiar with. These other insurance products help to meet the need of business owners. Here are two different insurance products we proudly offer our customers and clients.
Construction Bonds
If you want to bid on a construction project, a company will likely require you to obtain a construction bond if you win that bid. Construction bonds are insurance policies that protect the investors against disruption or financial loss if your construction company fails to complete the project or complete the project in such a way that the building does not pass inspection and cannot be utilized as designed.
