What Are Bonds?
We offer two categories of bonds: Surety Bonds and Fidelity Bonds.
A surety bond is contractual agreement between a project own or business guaranteeing that the project will be completed or regulations will be followed. We at Om Insurance Services offer the most competitive prices for the following types of bonds, among others: Performance and Payment Bonds, Contractor Bonds, Sub-Division Bonds, Court Bonds, Conservator Bonds, Public Officials, Liquor Licenses
A fidelity bond can indemnify an insured in the event of theft. They include: 1. ERISA bonds- cover claims that involve a violation of the Employee Retirement Income Security Act. 2.Employee Dishonesty bond- cover fraudulent acts committed by employees on the property of your business, such as theft. 3.Business Service Bonds- protect against theft of a client’s property on their premises as a result of an employee’s negligence.