A LOCAL PARTNER FOR YOUR NEXT STEP
Surety bonds.
Built around
your business.
Bidding on a project? Applying for a license? We’ll help you make sense of the bond requirements and explore your options.
Based in Parker. Here for Colorado businesses.
Your next opportunity.
Our personal attention.
SURETY, EXPLAINED
A promise backed
by a bond.
A surety bond backs your commitment to meet a specific contract, licensing, or legal obligation. It brings three parties together:
Have a question? Start hereYou or your business The principal
The person or business responsible for fulfilling the obligation.
The party requiring the bond The obligee
A project owner, licensing agency, court, or other entity the bond protects.
The company issuing the bond The surety
The company that provides the guarantee, subject to the bond’s terms.
FIND YOUR STARTING POINT
Different needs.
The right kind of bond.
Start with the requirement in front of you.
We can help you sort out the next step.
For the projects you’re ready to take on.
Construction contracts may require bonds during bidding, performance, and payment.
Bid bonds
Back your commitment to enter the contract at your bid price and provide required performance and payment bonds if awarded the job.
Discuss a bid bondPerformance bonds
Protect the project owner if the contractor fails to complete the work according to the contract’s terms.
Discuss a performance bondPayment bonds
Back payment to covered subcontractors, laborers, and material suppliers on a bonded project.
Discuss a payment bondFor the requirements of doing business.
Commercial bonds support a variety of licensing, court, and other obligations.
License & permit bonds
Help meet bonding requirements for certain business licenses and permits, supporting compliance with applicable rules.
Discuss a license bondCourt & fiduciary bonds
Address certain court-related requirements, including bonds for probate, fiduciary responsibilities, and appeals.
Discuss a court bondAdditional bond needs
Ask about public official, utility payment, service and supply, and other commercial bond requirements.
Tell us what you needDon’t see your bond? Let’s talk about your requirements. Availability and approval depend on the bond and underwriting.
Liberty Mutual
Surety
A local conversation.
A broader range of possibilities.
Liberty Mutual offers contract and commercial surety solutions for businesses of different sizes. Ask McKean about options for your particular bond requirement.
Explore Liberty Mutual Surety (opens in a new tab)FROM REQUIREMENT TO NEXT STEP
Let’s make the process clearer.
Share the requirement.
Tell us who needs the bond, the required amount, and your deadline. Have the bond form or contract handy.
Review your options.
We’ll help identify the bond type and application information needed for the surety’s review.
Put the bond in place.
If approved, review the terms and premium, complete the required paperwork, and arrange issuance and delivery.
GOOD QUESTIONS. CLEAR ANSWERS.
Before you
get started.
New to bonds? We’re here to help.
Call (303) 646-1885Is a surety bond the same as insurance?
No. A surety bond backs a specific obligation and protects the obligee. It doesn’t replace your business liability insurance. You may also have to reimburse the surety for a claim under an indemnity agreement.
How much does a surety bond cost?
The bond amount and premium are different. Pricing depends on the bond, its amount or underlying contract value, and the surety’s underwriting. Credit, financial strength, and experience may be considered. Contact us for a quote based on your requirements.
What information should I have ready?
Start with your legal business name, bond type, required amount, the party requiring the bond, and your deadline. A copy of the required bond form or contract is helpful. The surety may request financial information, ownership details, and work history.
How long does it take to get a bond?
Timing depends on the bond and the information needed for underwriting. Let us know your deadline early so we can discuss the process and what’s needed. Approval and issuance aren’t guaranteed by submitting a request.
What if I don’t know which bond I need?
Start with the letter, license requirement, contract, or other document requesting the bond. Our team can review the request with you and help identify the next step.
YOUR NEXT STEP STARTS HERE
Bring us the requirement.
We’ll help with the rest.
Tell McKean Insurance Agency about your business and the bond you need. Not sure where to start? That’s what we’re here for.
Connect with our team through McKean’s contact page.
General information only. Bond availability, terms, pricing, and approval are subject to underwriting and applicable requirements. The bond and any indemnity agreement govern the parties’ rights and obligations. A request does not bind a bond or coverage.
