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About Us

Surety Bonding, Performance Bonding, Commercial Bonding & More!

Artisan Bonding & Insurance Services LLC is a leading “surety only” brokerage firm in the United States with the ability to service your bonding needs world wide. We are surety bonding specialists with over 100 years of combined surety experience. We are experts in every area of the surety industry, including performance bonds and payment bonds among others. The most important aspects of what we do are performance bonding and payment bonding. Our seasoned professionals here at Artisan Bonding are committed to finding the most efficient and effective surety solution for your company or other venture.

The Focus of Artisan Bonding
  • Artisan Bonding is a national brokerage that focuses exclusively on the surety market.
  • Through the use of proprietary automation and streamlined processes, we are a leading provider of surety bonds.
  • Artisan Bonding represents over 20 “A” Rated insurance companies in 50 States.
  • We pride ourselves on having a reputation as a high contact, service oriented broker.
  • Artisan Bonding partners our expertise with our customers’ talents to achieve business growth.
Our Products

Artisan Bonding provides construction and commercial surety bonds, dedicated underwriting, risk control and claim services for a wide array of industries:

How do surety bonds work?

A surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. To put it simply, they guarantee that specific tasks are fulfilled. This is achieved by bringing three parties together in a mutual, legally binding contract.

  • The principal is the individual or business that purchases the bond to guarantee future work performance.
  • The obligee is the entity that requires the bond. Obligees are typically government agencies working to regulate industries and reduce the likelihood of financial loss.
  • The surety is the insurance company that backs the bond. The surety provides a line of credit in case the principal fails to fulfill the task.

The obligee can make a claim to recover losses if the principal does fail to fulfill the task. If the claim is valid, the insurance company will pay reparation that cannot exceed the bond amount. The underwriters will then expect the principal to reimburse them for any claims paid.

Types of Surety Bonds
  • Performance Bond – Protects the owner from financial loss should the contractor fail to perform the contract.
  • Payment Bond – Guarantees the contractor will pay subcontractors, laborers, and material suppliers.
  • Warranty Bond – Guarantees the contractor will solve all warranty issues during the warranty period.
  • Advance Payment – Guarantees the contractor will repay or settle advanced cash paid by the owner related to the contract.
  • Commercial Bonds – Include a full array of business support bonds, such as Union Welfare, Pension Plan and Employee Dishonesty bonds.
Functions of Surety Bonds
  • Performance Bonds – assure project completion.
  • Performance Bonds – assure a qualified contractor is on the project.
  • Payment Bonds – guarantee subcontractors, laborers and suppliers are paid and relieve the risk of liens by unpaid vendors.
  • Payment Bonds – smooth the transition from construction to permanent financing by eliminating liens.
  • Warranty Bonds – provide security protection whereby the surety / broker assist the owner in resolving deficiencies in plant and equipment operational performance.
Pre-qualification of our Customers
Artisan Bonding performs an in-depth review of the contractor’s business operations and due diligence. Before issuing a bond the surety company must be fully satisfied specific criteria are met:
  • Financial review and analysis
  • Project experience verification
  • Subcontractor and supplier references
  • Credit history investigation
  • Banking relationship verification

Feel free to contact our office with any questions you may have or start your application online. We are here to help with all your surety needs.