Ohio Bond Insurance Coverage - Simon Insruance Agency

Ohio Bond Insurance Coverage

Every business is unique, and each faces different exposures. We make it our business to become experts in your business so we can identify the key exposures you face, and then provide the best coverage solutions to address the risks of loss.

We work for you to provide the security and peace of mind you deserve so you can spend more time running your business and less time worrying about your insruance. It's a simple philosophy, but one that many Ohio businesses have come to expect from the licensed advisors at Simon Insurance Agency. We appreciate these lofty expectations, we look forward to exceeding them for our current clients, and we continually strive to help prospective clients increase their expectations of their insurance protection.

Our Business Insurance Products Include:

Bonds

Builders Risk

Business Income

Businessowners Policy (BOP)

Commercial Auto

Commercial General Liability

Commercial Package Policy

Commercial Property

Crime

Directors & Officers (D&O)

Employee Benefits Liability

Employer's Liability (Stop Gap)

Employment Practices Liability (EPLI)

Flood

Inland Marine (Contractors Equipment)

Professional Liability and E&O

Umbrella

Workers’ Compensation

Ohio Bond Insurance

In the commercial insurance world, a bond is a three-party contract consisting of the principal (you), the obligee (the party you provide the bond to) and the surety (the insurance company that provides your bond). There are many types of bonds available, but the fundamental reason for you to purchase a bond is to provide a guarantee to someone else (usually someone or some business) that you will do what you said or agreed to do.

Construction Bonds

Bid Bond: Used to provide a guarantee to the obligee (the job owner) that you will do the job for the amount of your bid.

Performance & Payment Bond: This bond is used to guarantee the job owner that you will perform the work specified and pay your subcontractors.

Maintenance Bond: This bond is used to guarantee your work for a specified period of time, usually after you have completed the job.

Commercial Bonds

License & Permit Bond: Used to fulfill requirements by the city, county or state for guarantee of adherence to a specific statute, state law, municipal ordinance or other requirement.

Probate Bond or Fiduciary Bond: This type of bond is used to guarantee the performance of specified fiduciaries, such as executors and trustees.

Fidelity Bonds

ERISA (Pension Plan) Bond: The Employee Retirement Income Security Act of 1974 requires the trustees of an employee benefit plan to have coverage in the form of a fidelity bond, and that the minimum amount of coverage is equal to 10% of the plan assets.

Financial Institution Bonds

Bankers Blanket Bond: Used to protect financial institutions (such as banks) from a number of losses including employee dishonesty, burglary, robbery and forgery.

Request A Free Quote

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Requesting a free quote is easy, straight forward and time saving!

All we need from you is some basic information to get the process started. By filling out the form to the left with a few lines of information, it will allow one of our experienced insurance agents to contact you to discuss the different options of the insurance type you requested.

We are here to work for you so that is exactly what we will do. Once we have all the information we need, we will carefully look over all the options that are available to find out the best coverage for the best rate that will fit your needs. Then we will call you back to let you know how much money you saved by switching your business to Simon Insurance Agency.

Thanks for inquiring about insurance through Simon Insurance Agency.

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