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Commercial insurance

Personal Insurance

Tailored insurance solutions to protect your family, home, and business in South Carolina.

Why Your Business Needs Commercial Bonds Insurance

Trust is key in business—and without the right bond, you may not be able to legally operate or secure contracts. Commercial bonds provide financial assurance that your business will meet its obligations. Commercial bonds help your business:
  • Comply with licensing and regulatory requirements.
  • Build trust with clients, vendors, and government agencies.
  • Protect against financial loss due to contract defaults or dishonest acts.
Don’t risk lost opportunities or legal setbacks—get the bond coverage your business needs.
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What Does Commercial Bonds Insurance Cover?

Commercial bonds insurance protects businesses by guaranteeing the fulfillment of contractual, legal, or regulatory obligations. Whether you’re a contractor bidding on a job, a business applying for a license, or a company required to post a bond by law, these bonds offer financial protection and assurance to clients, government agencies, and the public.

This coverage supports your credibility and financial responsibility by backing your commitments. If your business fails to meet its obligations—whether due to contract issues, non-compliance, or dishonesty—the bond can provide compensation to the affected party.


Brabham Griffin Insurance (BGI) helps businesses secure the right type of commercial bond for their industry. Their team ensures you stay compliant, competitive, and protected—so you can keep doing business with confidence.

Why It Matters: Without the right bond, you may not be able to legally operate or win new contracts.

Secure the Right Bond – Get a Free Quote Today!

License and Permit Bonds:

These bonds are often required by local, state, or federal agencies for business licensing. They ensure your business complies with regulations and industry standards. If you violate terms, the bond helps cover fines or damages.

Contract or Surety Bonds:

Typically used in construction and service-based industries, these bonds guarantee that work will be completed according to contract terms. If you fail to perform, the bond compensates the project owner for any losses.

Fidelity Bonds:

These protect your business from losses due to employee dishonesty, such as theft or fraud. It’s a key safeguard for companies that handle client property or sensitive financial information.

Who Needs Bonds Insurance?

No matter your industry, general liability insurance is essential for:
  • Contractors and Construction Companies: Often required to secure bid, performance, and payment bonds before taking on public or private projects.
  • Licensed Professionals: Businesses like auto dealers, mortgage brokers, and notaries often need license and permit bonds to legally operate.
  • Service Providers with Employee Access: Janitorial services, IT firms, or companies that handle client assets may need fidelity bonds to protect against employee theft or dishonesty.
  • Businesses with Government Contracts: Many government agencies require bonded guarantees before awarding contracts.
Fact: In many industries, you can’t operate—or win jobs—without the proper bond in place.

What’s the Cost of Commercial bonds Insurance?

The cost of commercial bonds is based on a percentage of the total bond amount—this percentage is called the premium. You don’t pay the full bond amount. Instead, your cost is calculated using this formula:
Bond Cost = Bond Amount × Premium Rate

Factors that affect your rate include:

  • Bond Type: Different bonds (e.g., license, performance, or fidelity bonds) have different rate structures.
  • Credit Score: Stronger credit can lower your premium rate.
  • Business Financials: Underwriters may review your company’s financial strength.
  • Bond Amount: Higher bond amounts naturally lead to higher premiums.
Average Costs: Most small businesses pay 1% to 10% of the bond amount. For example, a $10,000 bond may cost between $100 and $1,000 annually.
Get a Fast, Affordable Bond Quote – Contact Us Today!

How to Get Commercial bonds Insurance

Getting covered through Brabham Griffin is simple—we make it easy to secure the protection your business needs quickly and confidently.

Request a Free Quote

Fill out our online form or give us a call.

Pay Your Premium

Pay the premium, not the full bond amount

Receive Your Bond

Start protecting your business immediately.

One quick step now can save you thousands later.

Get Your instant Quote Today!

Common Questions About bonds Insurance

What are Commercial Bonds?

Commercial bonds are a type of surety bond used to guarantee a business’s compliance with state laws, contractual obligations, or industry regulations. They protect customers and government agencies by ensuring your business fulfills its legal and ethical responsibilities.

Who needs a Commercial Bond?

Many industries require commercial bonds to operate legally. Common examples include contractors, auto dealers, notaries, and businesses applying for licenses or permits. If your state or industry regulations require a bond, securing one is essential to keep your business in good standing.

What happens if a claim is filed against my bond?

If your business fails to meet the terms of the bond, the obligee (the party requiring the bond) can file a claim. The surety company may cover the claim amount, but you’re ultimately responsible for repaying those costs. Maintaining compliance is key to avoiding costly claims and protecting your business reputation.

Is a surety bond the same as insurance?

Nope, it’s more like a guarantee than protection. Insurance protects you while a surety bond protects the other party. If someone files a valid claim, you (the principal) are responsible for repaying the surety company.

Take the Next Step: Protect Your Business Today

Don’t wait for an accident to happen. Protect your business with affordable, reliable commercial general liability insurance.

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Proudly serving families and businesses across South Carolina and the Southeast with Brabham Griffin Insurance’s trusted solutions.

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